A glut of polyethylene had squeezed U.S. producers for years. But the war in the Middle East disrupted the global plastics market, sending prices higher and improving margins for producers along the U.S. Gulf Coast.
Beaver County’s population has been declining since the steel mill there closed 40 years ago. The shift to plastic manufacturing isn’t panning out, so some residents are investing in a different kind of economic model.
The stated purpose of Trump’s import levies is to draw production back to the U.S. from around the world. Benzene illustrates that it won’t work with all products.