PODCAST: Trump 2.0 trade war will destabilise chemical value chains, boost reshoring

Will Beacham

04-Feb-2025

BARCELONA (ICIS)–As US president Donald Trump revives his trade war, business leaders may seek certainty by switching to local and regional supply chains.

  • Businesses need stability, certainty to make investment decisions
  • Trade war could drive more national/regional industrial and chemical supply chains
  • But reshoring can be very expensive and time-consuming
  • New technologies such as 3-D printing and AI support local production
  • Export-dependent US chemicals have a lot to lose from a trade war
  • US exported more than 10 million tonnes of polyethylene (PE) to Europe in 2023

In this Think Tank podcast, Will Beacham interviews Nigel Davis from the ICIS market development team and Paul Hodges, chairman of New Normal Consulting.

Click here to listen to the podcast

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

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