Economics
DowDuPont Says Trump Steel Tariffs Hurt Case for New U.S. Plants
- U.S. vies with Canada, Argentina for Dow chemical investment
- Dow used $1.2 billion of steel in newly completed U.S. project
Trump Says U.S. Has Been Mistreated, Will Go Ahead With Tariffs
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DowDuPont Inc., the world’s largest chemical company, is considering Canada or Argentina instead of the U.S. Gulf Coast for its next major investment as President Donald Trump’s proposed steel tariffs make domestic construction pricier.
The tariffs would add hundreds of million of dollars to DowDuPont’s next wave of petrochemical expansion, said Jim Fitterling, chief operating officer of the Dow unit.