President Donald Trump's new reciprocal tariff plan appears to exempt several key plastic resins, including PE, PP, PET and PVC, suggesting an effort to protect the U.S. resin trade from international retaliation.
The Chemistry Industry Association of Canada welcomed the move, citing the importance of integrated North American supply chains, though concerns remain about broader economic impacts.
Since the U.S. resin sector enjoys a $23.8 billion trade surplus, resins face retaliatory tariff threats from the EU and Canada.
Meanwhile, a new U.S. Trade Representative report outlines global trade barriers for U.S. resin exports, including tariffs and environmental regulations.
On a positive note, Ingenia Polymers has opened its first European plant in Germany, expanding its reach in polyolefin additive masterbatch production.
