08/23/2019 | Press release | Distributed by Public on 08/24/2019 12:53
WASHINGTON (August 23, 2019) - The American Chemistry Council (ACC) issued the following statement in response to escalating trade tensions between the United States and China:
'ACC and our members continue to believe that negotiation is more effective than intimidation and retaliation. If this tariff dispute becomes a war of attrition, it has the potential to last for years, only doing more harm than good - to both sides.
'U.S. chemicals manufacturers deeply value our trade relationship with China and believe it is critical to the continued expansion and success of our industry as well as a thriving domestic manufacturing sector. While we continue to support President Trump in his mission to hold China to account for its unfair practices, ACC and our members cannot support the means: harmful tariffs on our products and our customers' products, ultimately paid for by consumers.
'U.S. chemicals manufacturers urge the United States and China to return to the negotiating table and rescind these destructive tariffs.'