Trade War Hits Asia Factories as Exports, Production Slide
Manufacturing activity across several Asian nations weakened in May as US tariffs and trade uncertainty eroded demand.
In Vietnam, new export orders contracted for a 7th straight month and input costs fell for the first time in about two years, according to S&P Global data published Monday. In Taiwan, output and new export sales all fell for a second month, Indonesia saw the steepest drop in new orders since August 2021, and South Korean manufacturers recorded the deepest decline in output in nearly three years.
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