BASF Cuts Outlook as US Tariffs Dent Demand for Chemicals

A storage silo at the BASF chemical plant in Ludwigshafen, Germany.
Photographer: Alex Kraus/Bloomberg

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By Arno Schuetze and Stefan Nicola

July 11, 2025 at 4:17 PM UTC

Updated on

July 11, 2025 at 5:47 PM UTC

BASF SE warned that earnings will come in lower than previously expected this year as US tariffs and geopolitical uncertainties crimp demand.

Earnings before interest, tax, depreciation, amortization and special items is expected to be between €7.3 billion and €7.7 billion ($9 billion) in 2025, compared to earlier guidance of €8 billion to €8.4 billion, the chemicals maker said Friday.