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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose

Jim Ratcliffe’s chemicals business under pressure from Trump tariffs, Moody’s warns

Jim Ratcliffe Moody United States Donald Trump
Sir Jim Ratcliffe
Sir Jim Ratcliffe has blamed high energy costs, ‘the deindustrialisation of Europe’ and ‘extreme carbon taxes’ for the change in fortunes for the Ineos empire. Photograph: Mike Egerton/PA

Sir Jim Ratcliffe’s loss-making chemicals business could take longer than expected to recover its financial health because of Donald Trump’s trade tariffs, analysts have said.

The billionaire industrialist has faced growing concerns over the state of his chemicals group amid problems with his business interests in Manchester United and All Blacks rugby.

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