Reported 2 days ago
European chemical producers are facing challenges as U.S. tariffs disrupt global trade, delaying customer orders and impacting demand. After the energy crisis in 2022, the sector, which is the EU's fourth-largest exporter, struggles with high production costs and increased competition. Some companies are cutting jobs and lowering forecasts due to cautious consumer behavior and economic uncertainty, while larger firms, despite having a U.S. presence, are not immune to the negative effects of the tariffs.
Source: YAHOO