Europe materials industry feels US tariff, China heat

Europe's materials industry is the worst performer this earnings season, with 65% missing earnings estimates. Weak demand in China, US tariff threats, higher raw material, and labor costs are key challenges. Basic resources, chemicals, and other sectors face significant downgrades, affecting EU steel and copper demand, making cost-cutting and productivity crucial for improvement.

from Economic Times https://ift.tt/rx7D4LF