How tailwinds for the chemical sector might impact Atul Ltd

August 6, 2022

In 2014, China’s central bank declared that credit outflows to oversupplied industries would be curtailed, including certain chemical industry segments. In June 2018, the United States announced it would apply a 25% tariff on $50 billion worth of Chinese imports over two phases. China replied by placing a similar tariff levy on US products worth $50 billion.

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