US tariffs worsen petrochemical sector challenges, executives warn

By Mohi Narayan SINGAPORE (Reuters) - U.S. tariffs are increasingly pressuring the already challenged petrochemicals sector, with China, the top producer, shifting its exports to Asia, industry executives said at a conference in Singapore on Tuesday. The disruption could lead to a 15% drop in the global petrochemical trade, a TotalEnergies executive told the APPEC conference. "If tariffs remain in place, petrochemicals trading will see another 15% drop on top of the 34% drop it has seen in the last five ...