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China on Monday 2 April 2018, imposed the first part of the reciprocal tariff on the 128 products from the USA. This stage covers a total of 120 taxes involving USD 977 million in US exports to China, including fresh fruit, dried fruit and nut products, wine, modified ethanol, American ginseng, and seamless steel pipes, and is imposed a 15% tariff.

No other petrochemical products are included in the list, suggesting that the industry is temporarily being spared from the trade tension between the two world economies. However, players are taking a cautious stance, fearing that other tension might emerge in the coming months.