How Louisiana is being scammed by the Chinese government.
According to a Town Hall meeting in St James Parish today
Chinese government controlled chemical plant company, Wanhua, is requesting exemption
from new U.S. tariffs on both the equipment to be manufactured to construct its proposed plant in St James Parish Louisiana and the imported chemical feed
stock to operate the plant.
Wanhua submitted 55 tariff exclusion requests for the $300,000,000 modular equipment they want to import from China, instead of manufacturing the equipment in the united States. The equipment tariff exclusion request has an estimated value of $60,000,000, and is still pending.
Wanhua also submitted a tariff exclusion request for the chemical feed stock to be imported from China; the U.S. Trade Representative rejected that request in May 2019.
Wanhua has also requested support from St. James Parish local officials on its application to make its St
James plant a foreign trade zone. A foreign trade zone designation would further exempt other assets from business inventory taxes.
Through an American consulting group, Louisiana's U S Senator Bill Cassidy has received a letter requesting his assistance on Wanhua's tariff exclusion requests. How will Bill respond?
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