Americas top stories: weekly summary

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 22 November.

INSIGHT: Europe, US chemicals have most to lose from a new trade war
Donald Trump’s resounding victory in the US presidential election gives him a powerful mandate for a policy agenda which includes ramping up trade tariffs across the board as he pursues his re-shoring agenda.

APLA ’24: LatAm chems should prepare for rebalancing to take place only from 2030 onwards – APLA
Latin American chemicals producers should be prepared to face a prolonged downturn which could extend to 2030 as newer capacities globally keep coming online, according to the director general at the Latin American Petrochemical and Chemical Association (APLA).

APLA ’24: Latin America poised for strategic growth amid global shifts – economist
Latin America stands at a crucial turning point as global economic and political dynamics shift, with significant opportunities in energy, food security and technological advancement, an economist said on Tuesday.

INSIGHT: Chems firms struggle to gain traction in Q3
The chemicals sectors’ third-quarter earnings period has underlined how little momentum has built up in the last 12 months, and how tepid expectations are for the closing months of the year.

APLA ’24: Mexico nearshoring critical as US-Mexico economies intertwined – Evonik exec
Mexico’s nearshoring trend will continue, even with the prospect of changes with the incoming US Trump administration as the US and Mexico economies are growing more and more interconnected, said the head of Evonik’s Mexico business.

APLA ’24: Logistics more challenging to plan with increasing external threats – panel
Logistics are getting even more challenging, as climate change, armed conflicts and tariffs are making planning difficult, shipping experts said on a panel discussion at the Latin American Petrochemical and Chemical Association (APLA) Annual Meeting.

Canada to see higher inflation on Trump tariffs – economists
Fallout from the policies and tariffs proposed by US President-elect Donald Trump will inevitably affect Canada’s economy, in particular the manufacturing sector, according to Oxford Economics.