NACD Members Testify Before the Office of the U.S. Trade Representative
ARLINGTON, VA – On Thursday, June 20, National Association of Chemical Distributors (NACD) members John Logue of Royale Pigments and Chemicals Inc. and Bert Eshaghpour of Wego Chemical Group Inc. testified before the Office of the U.S. Trade Representative (USTR), highlighting the negative impact that the 25% import duties proposed under List 4 of the Section 301 tariffs on goods imported from China will have on their businesses and the chemical distribution industry as a whole.
In his testimony, Logue stated, “Section 301 tariffs will significantly harm our ability to compete in the marketplace and may eventually put us out of business. Increasing our domestic manufacturers' costs plays directly into the Chinese 2025 plan of creating a Chinese economy based on higher-value products. We may win the battle but will eventually lose the war as our higher-end manufacturers lose their competitiveness. It is illogical placing tariffs on products that have not been made in the U.S. in the last 20 years with little likelihood of future production.”