New Trade Tariffs Loom for German Chemicals

The German chemicals industry braces for potential new tariffs following the U.S. Supreme Court's decision to invalidate former President Donald Trump's tariffs. The VCI, representing the industry, notes ongoing trade policy uncertainty, emphasizing a shift in the global trade landscape.

The German chemicals industry is on alert for potential new tariffs following a ruling by the U.S. Supreme Court that nullified tariffs previously imposed by former President Donald Trump.

The chemicals industry association VCI highlighted the continuous instability in trade policy, suggesting that the dynamics are merely shifting rather than stabilizing.

The organization emphasized that while these changes unfold, the global trade environment will face challenges, impacting sectors reliant on international trade.

(With inputs from agencies.)