These plastics and chemicals will suffer badly from us dollar tariffs

- Aug 12, 2019-

Mr. Trump said on his twitter account last Thursday that the new tariffs would begin on Sept. 1.The tweet broke a temporary ceasefire between the two economies.Mr Trump said the 25 per cent tariff on $250bn of Chinese goods would remain unchanged.

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Trump wrote on his twitter account: "as the trade talks continue, the United States will impose a small additional 10 percent tariff on the remaining $300 billion of Chinese imports into the United States starting September 1.This does not include the $250 billion of Chinese imports that have already been subject to tariffs of $25.

The apparent target of an escalation in the u.s.-china trade war is to impose a 10% tariff on all Chinese imports that do not face such taxes, including large amounts of finished plastics and products that rely on petrochemicals.

Among the $300bn targeted Chinese products, according to the government office's proposed list, are smartphones, laptops, toys, toilet seats, mustard and ketchup dispensers, plastic plates and trays, photo frames, figurines, beads and various "other plastics".

Other products include products made of vulcanized rubber that are treated to be flexible and resistant to heat, such as conveyor belts and hoses, medical gloves and pet toys.

Other petrochemical heavy products include polyester yarns and fabrics, travel hygiene kits, crayons, combs and hairpins, dental floss, fireworks, de-icing fluid, wallpaper and rubber soles.

The move follows an increase in tariffs on $200 billion of Chinese goods from 10 percent to 25 percent. The list includes the following plastic products:

Plastic pipes, plastic floor MATS, plastic wallpaper, plastic bidets, washbasins, plastic bags, boxes, LIDS, plugs and other packaging materials, plastic buckets, cans and other containers, plastic gloves, plastic washers, plastic machine belts and so on.