/-------/ Yes, Einstein. Don't you follow the news? As a result, China has come to the bargaining table, and we're reaching a deal. Tariffs have already come down.
Index of activity drops to lowest reading since December 2023 as a result of ‘sharp changes’ in international trading
www.theguardian.com
Index of activity drops to lowest reading since December 2023 as a result of ‘sharp changes’ in international trading
Amy Hawkins and agencies
Wed 30 Apr 2025 01.30 EDT
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China’s factory activity slowed in April, with Beijing blaming “sharp changes” in the global economy as it fights a widening trade war with the US.
Punishing tariffs introduced by Donald Trump that reached 145% on many Chinese products came into force in April, and Beijing responded with
125% duties on imports from the US. Chinese exports soared more than 12% last month as businesses rushed to
get ahead of the punishing tariffs.
The impact of the measures began to show in official data on Wednesday, with the purchasing managers’ index – a key measure of industrial output – falling to 49.0 in April, according to the National Bureau of Statistics, the lowest reading since December 2023. Anything below the 50-point mark signifies a contraction.