Donald Trump’s proposed tariff hikes on major trading partners could spark a trade war which will drive the end of a globalised chemicals economy plus more local and circular supply chains.
- US-China trade war would drag on economic growth
- World may return to more national and intra-regional trade
- Trump could help drive the end of deglobalization
- Development of more local, circular chemical supply chains
- Chemicals Q3 financial results show some volume growth
- But industry still in the bottom of a trough
- Lack of growth from automotive, construction
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