European chemical makers are facing renewed pressure as US tariffs disrupt trade and weaken demand. The sector, already strained by rising energy costs and slowing industrial activity, is seeing clients delay orders, forcing some companies to cut jobs and close sites. Major firms like BASF, Brenntag, and Akzo Nobel have lowered profit forecasts due to market uncertainty, while smaller producers face heightened financial stress.

According to Reuters, EU is considering removing tariffs on US industrial goods to ease tensions, following Trump’s proposals on auto exports. The sector’s recovery now depends on the outcome of trade negotiations and the resolution of ongoing tariff disputes.