Articles
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1 week ago |
plasticsnews.com | Bill Wood
I will start this month's column with a forecast: The roller-coaster ride is not over. I have taken a hard look at the recent data, analyzed the predominant trends and can state with an elevated level of confidence that the market and economic gyrations resulting from the policies initiated by the Donald Trump administration will extend at least into the next few months. And there is a rising possibility the commotion will persist much longer than that.
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1 month ago |
plasticsnews.com | Bill Wood |Don Loepp
In the March 25 Numbers that Matter Live, Bill Wood discussed the growing U.S. trade deficit in goods — which jumped from $100 billion to over $150 billion in just one month — and its implications for the plastics industry. Recording below. Wood questioned the effectiveness of tariffs, including on key end markets for plastics including automotive, construction, packaging and appliances. “I don't see the economic argument for doing it this way.
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1 month ago |
plasticsnews.com | Bill Wood
Philadelphia Federal Reserve President Patrick Harker, as quoted in The Wall Street Journal: "None of us in the profession can say for sure what's going to happen."With the deadline for activation fast approaching, the dominant narrative in the media still pertains to tariffs. And this voluminous narrative shows no signs of cresting. I expressed my fundamental disdain for tariffs in my last column (Assessing the U.S. motor vehicle market amid potential tariffs, Feb.
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1 month ago |
plasticsnews.com | Bill Wood
Bill Wood breaks down the economic outlook heading into a major policy shift, as sweeping new tariffs are set to take effect on April 2 under President Donald Trump. He notes that while overall economic indicators for early 2025 are mixed, the plastics industry is clearly underperforming, with output down 3 percent year to date. Wood emphasizes the uncertainty ahead, saying no one can predict how the market will react once the tariffs are in place.
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1 month ago |
plasticsnews.com | Don Loepp |Bill Wood
Some key economic indicators for the North American plastics industry are trending down to start 2025, Plastics News Economics Editor Bill Wood noted in the February Numbers That Matter Live. Watch the full recording below. Wood took a deep dive into the data, explaining that he wanted to get a good idea of the state of plastics manufacturing now, before tariffs start to impact the sector.
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