Washington D.C.— The Plastics Industry Association (PLASTICS) has released an official analysis, authored by Chief Economist Dr. Perc Pineda, examining the potential impact of the European Union’s proposed retaliatory tariffs on the U.S. plastics industry.
Dr. Pineda writes, “The European Commission has identified 1,708 products for possible countermeasures, including 60 resin and plastic products at the 8-digit EU Harmonized Tariff Schedule (HTS) level. When matched to the corresponding 6-digit U.S. HTS codes, the proposed EU tariffs are estimated to impact $5.9 billion in U.S. plastics resin and product exports to the EU, based on 2024 export values.”
Click here to read the full analysis on the PLASTICS blog.
The Plastics Industry Association (PLASTICS) supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $519 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the eighth largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE: The Plastics Show.
