Trump has put a 10% tariff on ALL remaining Chinese goods...

Trump has put a 10% tariff on ALL remaining Chinese goods entering the US. As we presumably export product from the China plant to the USA if Phoslock is used there it will presumably fall on Phoslock.

We could either absorb the cost of the tariff and cut our margin, or pass on the tariff cost to end users. It therefore presumably has some impact on PET, though I would not have thought a major one at present and the impact will also depend on exchange rate movements.

"Mr Trump suggested the negotiations had gone badly, with China failing to follow through on its pledges to buy more US farm products and restrict the flow of fentanyl to America.“The US will start, on September 1, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250 Billion Dollars already Tariffed at 25%,” Mr Trump said. “We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!” he added. "

Trump did threaten to raise the tariff even more to 25%, where it might start to have a larger impact on PET.

No doubt the company will clarify the position in due course.