ICIS - chemical podcasts Episode 1330: Think Tank: Focus on markets, customers to survive trade war chaos
Apr 16, 2025
Join Paul Hodges, a seasoned chemicals commentator, and Tom Brown, insight editor at ICIS European News, as they dive into the chaos of the US-China trade war. They discuss how chemical companies must shift their focus to market identification amidst rising tariffs and evolving economic landscapes. The duo highlights the influx of cheap materials from Asia, the potential recession looming over major economies, and the urgent call for CEOs to strategize within a 90-day window. Tune in for insights on navigating a turbulent market and the impact on global supply chains.
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Trade Barriers Spark Major Uncertainty
- The current chemical markets face uncertainty similar to 2008 and 2020 crises.
- Trade barriers between US and China signal drastic changes ahead.
US Chemical Exports at Risk
- US exports to China far exceed China's exports to the US in chemicals.
- This will cause displaced US chemical product to flood other markets, pressuring prices globally.
Market Hesitant Amid Tariff Pause
- Market players are cautious and ordering minimally due to tariff uncertainty.
- The 90-day tariff pause offers little reassurance and planning remains difficult.