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US tariffs on petrochemicals drive global trade down further, escalating trade war impacts.
US tariffs are causing significant challenges in the petrochemical industry, potentially leading to a further 15% drop in global trade, following a 34% decline over the past five years.
This is due to overcapacity and the shift of Chinese exports to other Asian markets, creating market surpluses and reducing global margins.
The ongoing US-China tariff war is also promoting more protectionist policies.
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Los aranceles estadounidenses a los productos petroquímicos hacen que el comercio mundial baje aún más, aumentando los impactos de la guerra comercial.