USA PAINT AND COATINGS INDUSTRY HIT BY TRADE WAR WITH CHINA, DESPITE ROBUST ECONOMY
May 1st, 2019
The US paint and coatings industry is set to experience pain as “the spectre of significantly reduced profits looms large” because of the ongoing trade war over tariffs with China, a trade think-tank has warned.
And American industry representatives have indicated job losses and “negative financial impacts” could result from the tariffs increasing the cost of chemicals and other raw materials imported by the sector. Some companies are even considering relocating product manufacturing outside of the USA.
Daniel J. Ikenson, director of the Herbert A. ...
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