C-MACC Perspectives 33 – The Biden Possibilities
Will a Biden Administration Directly Impact Chemicals?
- Over the last two weeks we have seen headlines supporting every possible outcome – “Biden good for Chemicals”, “Biden bad for Chemicals”, Biden good for Trade”, “Biden bad for Trade”, “Good for Europe”, “Bad for Europe”, etc. Apparently, you can skin this cat any way you want to!
- It is hardly surprising to see this, given the lack of clarity in Washington in general and the risk that we might not fully understand the balance of power for a couple of months. There is lots of room to speculate and a large vacuum in which to work
- We do not expect much to happen to impact the chemicals industry either positively or negatively, in part because the incoming administration has much bigger problems to deal with, COVID and the Economy. Energy and climate policy will likely be incremental and manageable, given need for bi-partisan agreement. Trade is where the hard work may need to be done
See PDF below for all charts