American politics, especially the quadrennial presidential election, is closely followed by people world over, and with good reason. America is the world’s most dominant economy, and there are literally hundreds of millions who, given a chance, wish to immigrate to America or have relatives & friends living there. No doubt, American government policies do have global implications.

Democrats’ luck

It is interesting, even for a casual observer, to look back three decades, to see how American two-party political system has been evolving. It seems that Republican presidents have been dealt poorer hands than Democrat presidents. Republican George H.W. Bush was successful in driving Saddam Hussain out of Kuwait in January 1991 during the Persian Gulf War. At that time, even though American economy was humming along a respectable clip of 3.5% annual GDP growth, Democrats and the media convinced Americans that the economy was struggling, thereby helping Clinton defeat Bush. In 2001, only a few months after President George W. Bush took office, America was attacked on 9/11/2001, that led to long wars with Iraq and Afghanistan and partly causing the great depression of 2008. During Trump’s 2017 – 2019 leadership, economy was growing solidly, but then COVID-19 hit in 2020 and Trump lost his reelection bid in 2020. Democrats and the media were successful in using the pandemic in a couple ways to defeat Trump, who has maintained that the election was “stolen” from him, alleging that many states took advantage of lockdown to conduct election without proper controls.

On the other hand, look at Democrat Presidents. Bill Clinton benefited from the 1994-to-2000 dot-com boom. In 2009, Obama became president when the 2008 depression had run its course, and it had nowhere to go but up. It looks like Biden is going to benefit from economy’s revival as vaccine availability controls the pandemic.

Current State of American politics

Cynicism towards entrenched politicians and government has been growing and that’s what fuelled Trump’s surprise win in 2016. Trump, an outsider, promised to push conservative agenda of smaller government, self-reliance and draining the “swamp” in Washington. Of course, it upset the “establishment” comprising of traditional politicians and liberal media. So, Trump had a bulls-eye painted on his back and the establishment tried to get rid of him from day one. It appears that an Unholy Trinity – Democrats, liberal media and high-tech companies -has been consolidating for the past four years, and the Republican party will suffer in future elections.

Biden presidency

Biden, the oldest president in recent history, ran mostly a virtual campaign, but was propelled to victory as the media and Democrats vilified Trump. Biden has pledged to unify the country after the tumultuous years of the Trump presidency, and Democrats are vowing to use their control of the House, the Senate and the White House, for the first time in more than a decade, to enact a “bold” agenda. The disappointed supporters of President Trump fear that Biden’s bold agenda means undoing Trump initiatives AND imposing more liberal / progressive policy initiatives. And Biden has done just that! On his very first day in office, he issued several executive orders and directives to re-join Paris Climate Accord, World Health Organization and undo Trump’s immigration initiatives, to mention a few. The Congress is proceeding with its unprecedented plan to impeach Trump, with two goals. One, to ensure that Trump can never run for a public office again, and second, to send a message to future “Trumps” that outsiders are not welcome in the traditional political club.

With the unholy trinity dominating American politics, the country appears to be headed away from capitalism and towards socialism. Although, the country is crushing under a whopping national debt of $30 trillion and growing, nobody seems to be overly concerned about it as America’s creditworthiness, due to huge economy, is good and government’s power to levy and collect higher tax.

Many observers do not expect Biden to complete his full-term in office, due to his advanced age, thus propelling Kamala Harris to presidency and America to more socialism. Stay tuned!

Eurogrip Tyres, the leading tyre manufacturer in India, showcased its premium two-wheeler tyres at the 17th edition of Feria 2 Ruedas (F2R) International Motorcycle exhibition held at Plaza Mayor, Medellin, Colombia. The dates of this high-profile business event in South America's two-wheeler sector are 15–18 May 2025.

For more than 17 years, the Feria de las 2 Ruedas (F2R) has been the leading motorcycle industry event in Latin America. The expo, which takes place every year in Medellín, Colombia, is a vibrant venue for commerce, innovation and growth in the motorcycling sector. Additionally, it gives aficionados the chance to investigate the most recent developments and trends in the industry. The company showcased its premium lineup at exhibit N24 in the Tented Pavillion, which included a range of sport touring, off-road and trail tyres. High-performance versions including the Roadhound, Protorq Extreme, Trailhound STR, Climber, Bee Connect, Terrabite DB+ and Badhshah LX were on display.

P Madhavan, Executive Vice-President – Marketing & Sales, TVS Srichakra Ltd, said, “Eurogrip is focused to deliver innovative products for the global markets. Latin America is a priority market for us, and F2R Expo is a promising platform to engage with our target audience. We are looking forward to interesting business opportunities arising from this expo. Such specialised industry tradeshows add exceptional value to our quest in becoming a leading global tyre brand delivering world class tyre technology.”

Denka Company Limited announced it would record an extraordinary loss of approximately 16.1 billion yen (£85.8 million) as an impairment on manufacturing facilities at its US subsidiary. It will indefinitely suspend chloroprene rubber production at the Louisiana plant.

The Japanese chemical manufacturer, which holds a 70 percent stake in Denka Performance Elastomer LLC (DPE), cited mounting operational challenges, including unexpectedly high costs for pollution control equipment and declining production volumes at the American facility.

“DPE has faced significant cost, production and other challenges at its facility in the United States,” the company said in a statement. “Rising costs are attributable to, among other factors, identification, design, purchase, installation, and operation of pollution control equipment to reduce chloroprene emissions that DPE did not anticipate being required when it acquired the facility from E.I. DuPont de Nemours and Company.”

The subsidiary was established in December 2014 and acquired the chloroprene rubber business from DuPont in November 2015. The Louisiana facility was intended to serve as a second manufacturing site in North America, complementing Denka’s Omi Plant in Itoigawa, Niigata, Japan.

However, according to the company statement, DPE has struggled with multiple operational issues, including “rising energy costs and a shortage of qualified staff necessary to operate new pollution control equipment and implement other emission reduction measures. “

Production volumes have declined partly due to “operational restrictions arising from the pollution reduction measures and unscheduled plant outages associated with supply chain disruptions and severe weather events,” Denka said.

The company noted that these challenges, combined with changes in the global economic environment for chloroprene rubber, have pressured profitability, making near-term improvement difficult.

Denka confirmed that DPE employs 250 people as of December 2024 and will not restart its chloroprene rubber manufacturing facilities following a regular maintenance shutdown. Instead, “all options for the business, including a potential sale of the business or its assets, will be considered,” the statement said.

The company emphasised that “no decision regarding a permanent closure of the facility has been made at this time.”

Customers will continue to be supplied from current inventories and production at the company’s Omi Plant in Japan.

DPE is 70 percent owned by Denka USA LLC, a wholly owned subsidiary of Denka Company Limited, and 30 percent by Diana Elastomers, Inc., a subsidiary of Mitsui & Co., Ltd.

Yokohama Rubber reported a 56.9 percent year-on-year decline in profit attributable to owners for the first quarter of 2025, despite posting a 9.0 percent increase in sales revenue.

The Japanese tyre maker recorded a profit of 8.53 billion yen for the three months ended 31 March, down from 19.8 billion yen in the same period last year. Business profit fell 3.2 percent to 24.07 billion yen, while sales revenue rose to 275.12 billion yen.

The company maintained its full-year forecast, projecting an 11.4 percent increase in sales revenue to 1.22 trillion yen and an 8.8 percent rise in profit to 81.5 billion yen for the fiscal year ending 31 December 2025.

Yokohama Rubber attributed the profit decline to one-time costs related to its February acquisition of Goodyear’s off-the-road (OTR) tyre business, which it purchased for approximately 143 billion yen.

“Profit from existing businesses was strong,” the company said in its earnings statement. “In addition to increased sales volume for the company’s consumer tyres, mainly in overseas markets, and continued expansion of sales of high-value-added ADVAN, GEOLANDAR, and Winter tyres as well as high-inch tyres, profit was boosted by the MB segment’s MIX improvements and structural reforms.”

The tyre segment, which accounts for 91percent of the group’s consolidated sales revenue, saw a 10.4 percent increase in sales to 250.32 billion yen. Original equipment tyre sales were higher year-on-year, driven by “strong sales in Japan of vehicle models equipped with YOKOHAMA tyres and expansion of shipments for Chinese automakers’ new energy vehicles,” the company said.

Replacement tyre sales also increased, supported by higher sales of summer and winter tyres in Japan, increased sales of high-inch tyres in Europe, and stepped-up sales efforts in Asia.

The MB (Multiple Businesses) segment, which represents 8.4 percent of total sales, experienced a 3.2 percent revenue decline to 23.02 billion yen. This was attributed to lower demand from construction machinery makers in Japan and automakers in North America.

The company described an “upbeat” business sentiment in Japan for the quarter, noting that “a steady recovery in inbound demand and increasing orders for construction and logistics projects compensated for weak consumption by domestic households curbing spending in response to rising prices of consumer goods.”

Overseas, the company observed rising inflation concerns weighing on consumer spending in the United States, while in Europe, “manufacturing industries are rebounding and corporate business sentiment is improving.” In China, personal consumption was boosted by the Spring Festival holiday, but high US tariffs “reduced China’s exports and created uncertainty about the future that is weakening industrial activity.”

Swedish speciality chemicals firm Nynas reported solid financial results for 2024, posting an Adjusted EBITDA of 1,333 million Swedish kronor, marginally higher than the 1,316 million kronor recorded in 2023.

The company, which specialises in naphthenic speciality oils and bitumen products, attributed its performance to operational efficiency and commercial success in its niche markets.

“We are delighted with the progress made during 2024, evidencing our right-sized cost base and a more targeted commercial and manufacturing footprint. We have redefined our strategic direction, positioning Nynas as a speciality chemicals company, enabling the energy transition and setting our course for 2035,” Nynas CEO Eric Gosse said in a statement.

The firm highlighted strong cash generation from operations, which it said would support planned investments and longer-term growth initiatives. Nynas also mentioned the ongoing transformation of its Harburg site with plans to monetise the asset eventually.

All three of the company’s production facilities maintained high operational reliability between 95 percent and 99 percent. The Nynäshamn refinery achieved a notable milestone: in May 2024, it set a new monthly production record for naphthenic speciality oils at 42,000 tonnes.

Strategic pivot towards sustainability

Nynas outlined a strategic shift focused on higher-margin speciality materials with sustainable characteristics. The company aims to strengthen its position in European markets through innovation and sustainability initiatives.

“Nynas is uniquely positioned to contribute to the energy transition. Our strategy reflects our purpose to advance a more sustainable society, and our product development pipeline is fully aligned with this goal," Gosse added.

In 2024, the company received an EcoVadis Gold rating, placing it in the top 5 percent of globally rated businesses for sustainability performance.

With consecutive years of strong financial performance, Nynas indicated it continues to monitor debt capital markets to optimise its capital structure “at the appropriate time potentially”.

The Swedish chemicals producer noted that, having ceased operations in the United States in 2022, it remains largely insulated from recent global trade tensions surrounding US import tariffs. The company imports only minimal feedstock from America, shielding it from potential cross-border trade disputes.