Episode 1273: Think Tank: Trump trade war will drive end of globalisation
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