Episode 1342: Think Tank: US-China tariff pause creates breathing space for chemicals
The agreement to pause steep tariffs between the US and China for 90 days allows normal business ...
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Show Notes
The agreement to pause steep tariffs between the US and China for 90 days allows normal business to resume, but chemicals CEOs still need to plan for structural changes to global trade.
- US-China tariff pause allows trade to resume between nations
- Will benefit chemical companies around the world
- But business leaders still need to plan for a more protectionist world
- Trade resumption could see huge spike in demand, snarling up logistics
- SABIC reportedly appoints banks to prepare for sale of European assets
- Could make strategic sense from cost perspective
- But would reduce footprint in the EU with its 450 million citizens
- Upgrade and restart of SABIC’s Wilton cracker reportedly delayed