PE, PP tariffs spur re-export concern

China has imposed an additional 25% tariff on selected US imports worth of $16 billion from August 23, with high density polyethylene (HDPE), linear low density PE (LLDPE) and polypropylene (PP) products affected. The latest round of tariff hikes, announced by China's Ministry of Commerce on Au...

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Bibliographic Details
Published inICIS Chemical Business Vol. 294; no. 7; pp. 16 - 17
Main Author Li, Angie
Format Trade Publication Article
LanguageEnglish
Published New York Reed Business Information UK 31.08.2018
Subjects
Exports
High density polyethylenes
International trade
Molding (process)
Polyethylene
Polymers
Polyolefins
Tariffs
Trade disputes
Trade relations
US imports
United States > US
China
Online AccessGet full text
ISSN1937-5786
1750-1512

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Summary:China has imposed an additional 25% tariff on selected US imports worth of $16 billion from August 23, with high density polyethylene (HDPE), linear low density PE (LLDPE) and polypropylene (PP) products affected. The latest round of tariff hikes, announced by China's Ministry of Commerce on August 8, reflect the continuing escalation of the tit-for-tat trade war between the US and China. To hedge against the risks incurred from the extra tariffs, most traders have decided to sell the affected products, including LLDPE, HDPE film and HDPE blow moulding at lower prices to downstream export-oriented processors and re-export HDPE injection to other regions. China's exports of selected polyolefin-made plastics products, subject to the extra 25% tariffs levied by the US as of August 23, are mainly listed in the HS code heading No 39 (HS code-39).
ISSN:1937-5786
1750-1512