Plastics Industry Association concerned about US tariffs

The tariffs imposed by the Trump administration on a range of products from Canada, Mexico, China and Europe, which came into effect a few days ago, are causing concern at the Plastics Industry Association in the US because of the potential impact in terms of higher prices for raw materials, as well as semi-finished products and components of various kinds, and possible trade retaliation.

In this regard, the president and CEO of the association, Matt Seaholm, stated that although “the plastics industry continues to recognize the importance of securing our borders and combating illegal drug trafficking to protect American communities and eradicate fentanyl from our society and that a strong and secure nation is fundamental to economic growth and industrial stability, Plastics Industry Association remains deeply concerned about the tariffs on Canada, Mexico, and China, and their impact on US plastics manufacturing and jobs. While we understand President Trump’s rationale, a competitive industry depends on policies that protect American manufacturing while ensuring stable supply chains. These tariffs will disrupt the movement of essential machines, products, and materials that keep American manufacturers running across sectors like healthcare, consumer products, and automotive”.

“The plastics industry is a cornerstone of American manufacturing and daily life. We know that a strategic, measured approach to trade is critical to strengthening – not harming – the US economy. We urge policymakers to support balanced trade policies that enhance US competitiveness, reinforce supply chains, and drive continued innovation”, Seaholm concluded.

In 2023, US plastics exports totaled 74.2 billion dollars, exceeding imports of 73.3 billion dollars and resulting in a 958 million dollars trade surplus. This strength underscores the industry’s global leadership; however, new tariffs on key trading partners threaten supply chains, increase costs, and risk eroding this advantage. To sustain growth and innovation, trade policies must bolster – not hinder – US plastics manufacturing and economic leadership.