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Wilton Partners - Global Strategic Financial Advisory

EXCERPTS: Europe’s biggest paintmaker Akzo Nobel NV has warned that European and US tariffs on Chinese chemicals imports could drive up prices for Western consumers. The European Union’s imposition of anti-dumping duties on titanium dioxide imports from China, and the possibility of US measures on its epoxy, will mean higher prices for Akzo Nobel, Chief Executive Gregoire Poux-Guillaume told Bloomberg. Amsterdam-based Akzo Nobel uses titanium dioxide as an ingredient in its paints and coatings as a key pigment for producing white color. The company uses resins to make coatings. China is a crucial producer of the two chemicals.

Europe’s Biggest Paintmaker Warns EU, US Chemical Tariffs on China to Spur Prices

Europe’s Biggest Paintmaker Warns EU, US Chemical Tariffs on China to Spur Prices

bloomberg.com

Greg Reed

Global Consulting for the Automotive World

7 个月

Shouldn't be a surprise to anyone by now that tariffs lead to higher costs, and in turn - inflation.

John Kent 柯景腾

Supply Chain Diplomat | Peace Beans | Aspiring to Save USAID | Retail Entrepreneur

7 个月

Another example of the need for the #EU to create a team to join the Global #SupplyChainDiplomacy Initiative.

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