Dehua industrial giant warns that US tariff policy impacts global market sentiment.

Jin10 data reported on May 3, that the German chemical giant BASF Group issued a warning on May 2 regarding the recent tariff measures imposed by the United States. The group stated that although the direct business impact is currently "controllable," the U.S. unilateral actions are undermining the stability of the supply chain, leading to decreased customer confidence and increased order fluctuations. BASF's Chief Financial Officer Dirk Elvermann pointed out during the release of the group's first-quarter financial report that the volatility of the tariff policy, the unpredictability of further decisions by the U.S., and potential responses from other trade partners are impacting global market sentiment. He revealed that the group's first-quarter economic environment is "overall weaker than expected," and the external risks faced by the company are "far higher than the assessment at the beginning of the year."