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

Rating agency downgrades Ineos Quattro as it says trade barriers' could affect it for next two years

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.