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China factory activity contracts in April as trade war weighs on exports

Upworthy Wednesday, 30 April 2025 ()
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 to weigh on the outlook for exports. The country's benchmark purchasing managers' index came in at 49.0 for the month, the National Bureau…
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News video: U.S- China Trade War: Scott Bessent Drops BOMBSHELL in China Tariff Clash—Hints at Major Fallout

U.S- China Trade War: Scott Bessent Drops BOMBSHELL in China Tariff Clash—Hints at Major Fallout 02:10

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...

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