EU ROUND UP – US/CHINA TRADE WAR GIVES EU PAINT MANUFACTURERS A TARIFF ADVANTAGE
June 1st, 2019 EUROPEAN Union (EU)-based paints and coatings companies and their suppliers are enjoying potential tariff-based trade advantages in the USA and China because of the deepening trade war between the world’s two largest economies. A wide range of paints, coatings and input chemicals imported from China to the USA are now attracting additional duties of 25%, compared to 10% previously. These lines include polyester, synthetic, modified natural, acrylic and vinyl polymer-based paints and coatings in non-liquid and liquid form (except for liquid polyester paints); ...
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