Washington, D.C. — Plastics Industry Association (PLASTICS) Chief Economist, Dr. Perc Pineda, has released a new economic analysis exploring shifting global trade dynamics and long-term implications for the U.S. plastics industry.
Dr. Pineda writes, “In fact, over a third of the approximately 30,000 automobile and light truck parts are made from plastics. As importers reassess sourcing strategies, U.S. plastics processors could fill gaps left by tariffed imports—especially in parts that blend plastic with other materials.”
“Now is the time for the plastics industry to take a “glass-half-full” view,” he continues. “Tariff-driven reshoring could increase demand for injection molding, tooling, resins, additives, and machinery.”
Click here to read the full analysis on the PLASTICS blog.
The Plastics Industry Association (PLASTICS) supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $519 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the eighth largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE: The Plastics Show.