European chemical producers are facing declining demand and financial losses due to import tariffs imposed by the US and the energy crisis.

The chemical industry in Europe, affected by the 15% import tariffs from the USA, is facing low demand and high costs, resulting in plant closures and job reductions. Major producers, such as BASF and Brenntag, are feeling the pressure from customers who are postponing orders. Additionally, economic uncertainty and the weakening dollar contribute to the sector's difficulties, with expectations of demand stabilization until 2026.