Asia's Factories Weaken Due to US Tariffs
Asia's manufacturing sector slowed sharply in October as US tariffs under President Donald Trump reduced export orders and weakened demand.
New purchasing managers' indexes showed that factory growth in China and South Korea fell, confirming that earlier export surges to beat tariff deadlines have faded.
China's official PMI dropped for the seventh straight month, signaling continued strain on the world's second-largest economy.
Zichun Huang, an economist at Capital Economics, said China "lost momentum" in both manufacturing and construction, with only limited benefit expected from last week's US–China trade truce.
Trump and Chinese President Xi Jinping agreed to delay new reciprocal tariffs for a year, but the deal did little to resolve deeper economic tensions.
Author's summary: Asia's factories slow down due to US tariffs.
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