The trade conflict between the United States and Canada has escalated once again. On August 25, the Government of Canada announced retaliatory tariffs on approximately USD 20 billion‑worth of U.S. goods. Plastic products will be subject to a high‑rate tariff of 50%, while molds will face a 15% tariff. The new regulations will take effect on September 8, 2026.
Previously, the United States levied 50% tariffs on hundreds of categories of goods imported from Canada. Trade talks between the two sides collapsed at the final stage, prompting Canada to roll out countermeasures.
Plastic products covered by the 50% tariff include plastic bags, various packaging materials, tableware, kitchenware, vinyl wall‑decorating materials and more. Molds (including plastic, metal and rubber molds) will incur a 15% tariff.
For China’s plastics industry, the escalating U.S.‑Canada trade frictions signal continuously rising trade barriers in the North American market. Sharp tariff hikes on plastic products and molds will reshape trade flows between the two nations. Relevant export enterprises are advised to keep track of subsequent developments.
On the final day of August, international crude oil prices surged, sending the whole industrial chain into positive territory. Crude oil jumped by over 7%; PVC and PET bottle‑chip prices rose by 6%; styrene, PP, plastics, propylene and pure benzene climbed more than 5%. Widespread price increases were also seen across PTA, staple fiber and other products.
Post time: Sep-01-2026