From Yahoo Finance: 2025-03-31 14:10:00

President Trump is considering placing 25% tariffs on goods from Canada and Mexico, impacting critical sectors like autos and chemicals. In 2023, the US exported over $28 billion in chemicals to Canada, while Canadian partners sent about $25 billion in chemicals to the US. Canada is the top source of chemical imports for the US, followed by China and South Korea.

The US-Canada chemical trade relationship supports various industries, including chlorine for drinking water and phenol for wood products. Disruption in this trade could lead to inflationary pressures on US consumers and industries. The US exports phenol to Canada for wood products, which are then imported back to the US for construction.

Methanex Corporation (NASDAQ:MEOH) is a leading methanol producer globally, with production sites in several countries. The company recently acquired OCI Global’s international methanol business for $2.05 billion, boosting its global production by over 20% and expecting $30 million in cost synergies. MEOH ranks 11th on the list of undervalued chemical stocks to buy now.



Read more at Yahoo Finance: Is Methanex Corporation (MEOH) the Undervalued Chemical Stock to Buy Now?