Republican and Democratic senators said they will work to enact legislation that would give Congress a voice on whether the US imposes tariffs on national security grounds. However, House Speaker Paul Ryan, R-Wis., said Congress would do better to cooperate with the Trump administration to change policy.
Unilateral tariffs "are not a recipe for economic growth and prosperity and are very unlikely to change China's unfair practices," says the American Chemistry Council. Instead, it says, the White House needs to act through a "strong, multilateral coalition."
United Nations reports on endocrine disruptors rely on "chemical blacklists" that lack regulatory authority and evidence, says the American Chemistry Council. "As UN Environment notes in the report and on its website, these lists should not be mischaracterised as definitive science on EDCs, or classifications," ACC says.
The EU is expected to approve Linde and Praxair's $83 billion merger, pending the sale of certain Praxair assets to Taiyo Nippon Sanso, sources say. A Messer Group-led consortium is reportedly working to buy the companies' gas assets in the Americas.
In a trade war scenario, chemical companies should have production lines within each of their target markets, Will Beacham of ICIS Chemical News writes. "Relying on a single plant to serve the global market may no longer make business sense if a 25% tariff will be slapped onto its exports," he argues.
The top 11 flavor and fragrance companies take a combined 78.7% of the market, with sales reaching $20.7 million this year. The overall market grew to $26.3 million in sales, compared with $24.5 million last year.
Procter & Gamble kept the No. 1 spot on Happi's Top 50 list for companies in the household and personal care industry. The top five is rounded out by Colgate-Palmolive, Estee Lauder, SC Johnson and Coty.
Flu virus can remain in the air for at least an hour and on some surfaces for up to 16 hours, data show. To reduce the risk of infection, it is important to sanitize frequently touched surfaces and use proper hand-washing techniques.
The latest announcement of US tariffs against Chinese products endangers chemical-related jobs, says Ed Brzytwa of the American Chemistry Council. "The bigger picture here is that US trade policy is making it much, much more difficult for chemical manufacturers to do business here in the United States," he says.
Huntsman will continue to focus on specialty products and small acquisition opportunities that allow it to expand in polyurethanes and other specialty areas, says CEO, President and Chairman Peter Huntsman.
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