Episode 1335: Think Tank: Trade War could help trigger global recession
The impending trade war is already hurting consumer and business sentiment and may help cause a g...
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Show Notes
The impending trade war is already hurting consumer and business sentiment and may help cause a global recession as demand collapses amid rampant chemicals overcapacity.
- US retailers fear empty shelves, fuelling inflation
- Uncertainty, chaos is hurting business, dampening consumer sentiment
- China chemicals demand growth could be negative in 2025
- China may exempt $46 billion of US goods from tariffs including ethane, polyethylene (PE), styrene polymers
- Huge drop in May bookings for China imports through US ports
- Power back to normal in Spain after nationwide outage on 28 April, chemical plants restarting
- System should be resilient to adapt to swings in solar and wind production