💨 Abstract

U.S.-China trade tensions are affecting China's economy, as revealed in surveys of Chinese factory managers. Export orders slowed in April due to combined tariffs of up to 145% on U.S. goods by Trump and up to 125% by China, with some exemptions. The official manufacturing purchasing managers index dropped to a 16-month low of 49.0, indicating contraction.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖