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Investing.com -- Sika (SIX:SIKA) expects the U.S.-European Union trade deal to support construction industry demand in both regions, according to Chief Executive Thomas Hasler on Tuesday.
Hasler noted that demand had been hesitant as investors waited for clarity on tariffs, with some projects being put on hold.
"Now we believe that the dust is going to settle. With the EU having a deal, there will be less uncertainty and the momentum there will continue in the third quarter," Hasler said following the company’s first half results announcement.
The CEO emphasized that the agreement provides much-needed clarity for the construction sector. "The disruptive risk of a 30% tariff and going into a trade war would have put investments further out, but now we have clarity," he said.
Hasler added that U.S. construction projects would also benefit from the end of confusion about potential tariff impositions.
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