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The German chemical giant, BASF Group, has issued a warning that the additional tariffs imposed by the United States are fostering market uncertainty and posing a threat to global economic recovery. While the direct impact on BASF's operations remains manageable, this measure has undermined the stability of the industrial chain, resulting in dwindling customer confidence and heightened order volatility. The Chief Financial Officer of BASF Group emphasized that tariff policy fluctuations and potential retaliatory measures from trading partners are adversely affecting market sentiment. Consequently, the economic environment in the first quarter of 2025 has proven weaker than anticipated, with external risks on the rise. Nevertheless, BASF stands firm in maintaining its full-year performance targets, underpinned by the resilience of its localized production strategy.
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