President Trump considering 25% tariffs on Canada and Mexico goods, impacting US chemicals sector

From Yahoo Finance: 2025-03-31 14:18:00

President Trump is considering imposing 25% tariffs on goods from Canada and Mexico, which could impact various US industries, including the chemicals sector. The US chemicals industry exports over $28 billion in products to Canada annually, while Canadian partners export around $25 billion in chemicals to the US. A potential trade war could lead to inflationary pressures on US consumers and industries, affecting critical sectors like disinfecting drinking water and wood products. The US-Canada chemical trade relationship supports multiple industries, and any disruption could have significant consequences.

Axalta Coating Systems Ltd. (NYSE:AXTA) is an American specialty chemicals company that provides coatings for various applications. The company reported record net sales of $1.3 billion in Q4 2024 and $5.3 billion in full-year 2024, driven by strategic investments in its Refinish business. Axalta recently acquired the CoverFlexx group, enhancing its product offerings in Refinish coatings. AXTA ranks 2nd on the list of undervalued chemical stocks to buy now, but some AI stocks may offer greater promise for higher returns.

In order to compile the list of 11 undervalued chemical stocks to buy now, the largest chemical companies were considered. Stocks trading at under 20 times their forward earnings were selected, focusing on those most favored by institutional investors. Data was sourced from Insider Monkey’s Q4 2024 hedge fund database to rank the stocks based on the number of hedge funds holding stakes in them. The goal was to identify undervalued chemical stocks with the potential for strong returns.



Read more at Yahoo Finance: Is Axalta Coating Systems Ltd. (AXTA) the Undervalued Chemical Stock to Buy Now?