Trump's new tariffs worry the US plastics industry

Plastics Industry Association expresses concern about new tariffs imposed by the Trump administration in recent days on products from Canada, Mexico and China. The plastics industry recognizes the importance of securing national borders and combating illegal drug trafficking to protect American communities, and that a strong and secure nation is fundamental to economic growth and industrial stability.

Nevertheless, said the president and CEO of the US association, Matt Seaholm, “Plastics Industry Association is concerned about the new tariffs and their impact on US plastics manufacturing and jobs. While we understand President Trump’s rationale, a blanket tariff policy could have significant economic consequences, disrupting the movement of essential machines, products, and materials that keep American manufacturers running. A competitive industry requires policies that protect high-quality jobs and ensure stable supply chains across sectors like healthcare, consumer products, and automotive. A strategic, measured approach to trade is critical to strengthening, not inadvertently harming, US industry”.

“The plastics industry is a cornerstone of American manufacturing and daily life. We look forward to working with policymakers on balanced trade policies that enhance U.S. 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. 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.