As of February 14, 2020, China will knock 2.5% off the punitive tariffs applied on imports of many polymers from the US. Most of the tariffs have been in effect since 2018.Continue reading
By the end of 2020, China will ban plastic bags in major cities and, by 2022, country-wide. China is the world’s largest importer of the polyethylene used to manufacture bags, in addition to producing large volumes of polyethylene domestically. China exports large volumes of polyethylene bags.Continue reading
US exports of ethylene polymers set a another record high in October, 2018, climbing to 706,300 tons. Volume in January was 494,000 tons.
US exports of ethylene polymers soared to an all-time high of 653,315 tons in September, 2018, despite tariffs of 25% imposed by China on HDPE, EAOC and EVA from the US.
On August 23rd, the US imposed tariffs of 25% on imports of a number of fabricated plastic products from China, including film/sheet from PE and PP, tubes/pipes from PE and PP and monofilament from PE. US imports from China of all these products except PE film/sheet were down in August versus July.
Although trade data for July for the US does not reflect new tariffs of 25% on many fabricated plastic products from China, US statistics showed record volumes being imported each month from May through July.