Executive Briefings

How Much Would Trade War Hurt Chemicals - 12 Percent of U.S. Exports?

Chemicals contribute to a significant portion of all American exports. According to the American Chemistry Council, the chemicals industry accounts for 12 percent of exports at a value of about $189 billion.

How Much Would Trade War Hurt Chemicals – 12 Percent of U.S. Exports?

It's also currently a hot topic in the presidential race. According to Republican candidate, Donald Trump, many of the major trade agreements have hurt the U.S. economy by encouraging companies to ship jobs overseas. As one of his campaign promises, Trump has vowed to renegotiate current trade deals or slap two of America’s biggest trading partners — China and Mexico — with tariffs of 35 or 45 percent.

Many economists have expressed concerns that such a move would ignite a trade war if countries choose to retaliate with tariffs of their own.

Just how much money is at stake?

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It's also currently a hot topic in the presidential race. According to Republican candidate, Donald Trump, many of the major trade agreements have hurt the U.S. economy by encouraging companies to ship jobs overseas. As one of his campaign promises, Trump has vowed to renegotiate current trade deals or slap two of America’s biggest trading partners — China and Mexico — with tariffs of 35 or 45 percent.

Many economists have expressed concerns that such a move would ignite a trade war if countries choose to retaliate with tariffs of their own.

Just how much money is at stake?

Read Full Article

How Much Would Trade War Hurt Chemicals – 12 Percent of U.S. Exports?