China’s Plastics Industry Collapses, Xi’s Retaliatory Tariffs Leave U.S. Raw Materials Unavailable
China’s Plastics Industry Collapses, Xi’s Retaliatory Tariffs Leave U.S. Raw Materials Unavailable
Udumbara
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The trade war between China and the United States has escalated, with China imposing a staggering 125% retaliatory tariff on U.S. ethane, a key raw material for the global plastic industry. The tariffs have sent prices soaring, severely disrupting supply chains and nearly cutting off access to this crucial material. Factories across China, from Taizhou in Zhejiang to Dongguan in Guangdong, have shut down, leaving workers unemployed and casting a shadow over the country’s economy.
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