China's manufacturing shrinks in April as trade war bites
Wednesday, 30 April 2025 () Beijing (AFP) April 30, 2025
China's factory activity shrank this month, official data showed Wednesday, with Beijing blaming a "sharp shift" in the global economy as it fights a mounting trade war with the United States. Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April, while Beijing has responded with fresh 125 percent duties on imports from the United States. An
U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist. Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade...
Trump declared that his tariffs are having a devastating impact on China’s economy, claiming that factories are shutting down and cargo ships are "turning back." Speaking with visible satisfaction,..
Tariff War: Treasury Secretary Scott Bessent addressed pressing concerns about supply chain shocks and progress on trade deals with key Asian allies. Amid declining Chinese cargo shipments, Bessent..
President Trump spoke to China's Xi about the ongoing tariff battle, claiming both nations are in an escalating tit-for-tat trade war. While China has denied formal negotiations, Trump is confident..
For the first time in three months, China's manufacturing activity contracted in April, amid escalating trade tensions with the United States. With the fall of... Upworthy
China's manufacturing sector shrank in April, reversing a strong March performance, as new US tariffs and weak domestic demand weighed heavily on the economy.... IndiaTimes
TOKYO -- China's manufacturing activity contracted in April, reversing an expansion recorded in the previous two months, as the trade war with the U.S. started... Upworthy
Wednesday, 30 April 2025 ()
Beijing (AFP) April 30, 2025
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