Chemical companies hope for tariff relief

Unlike his last several predecessors, former president Donald J. Trump will be remembered as an aggressive protectionist who unilaterally imposed tariffs and instigated retaliation from US trading partners. His most notable action in this area of policy was the trade war with China, which established on more than $350 billion imported goods 2018 2019 . According to Tax Foundation, a research organization that advocates for simpler tax policy, Chinese government reciprocated $100 goods. Caught middle were chemical companies. They faced duties imports sometimes critical raw materials weren’t made elsewhere. also took hit levies big exports like polyethylene. The Biden-Harris administration has promised tough issues such intellectual property theft. But President Joe Biden