Tariffs 'a bad formula' for chemicals sector

Worried about disruptions in global markets from the Sino-US trade conflict, the American Chemistry Council's CEO is calling on the Trump administration to back away from its unilateral implementation of tariffs on products from China and other countries.

"The tariffs implemented by both countries are harming chemical manufacturing in both China and the United States," said Calvin Dooley, president and chief executive officer of the American Chemistry Council, during the ICCA-UN Environment symposium on sound management of chemicals and waste and the circular economy held in Chengdu, Sichuan province, on Thursday.

"The member companies of the council are very strong supporters of free and fair trade and we have been working with a coalition with manufacturing and agricultural groups who share our concerns with the administration's implementation of tariffs."