China manufacturing activity plummets amid Trump tariff war - short news
Index of activity drops to lowest reading since December 2023 as a result of ‘sharp changes’ in international trading
China’s factory activity slowed in April, with Beijing blaming “sharp changes” in the global economy as it fights a widening trade war with the US.
Punishing tariffs introduced by Donald Trump that reached 145% on many Chinese products came into force in April, and Beijing responded with 125% duties on imports from the US. Chinese exports soared more..
source: The Guardian - 30.04.2025