Economy

Economy Latest News

China's manufacturing backbone feels Trump trade war pinch
China's manufacturing backbone feels Trump trade war pinch
by  AFP

Sky-high tariffs imposed on China by US President Donald Trump have triggered a slump in factory orders, manufacturers told AFP this week -- with some fearing business may never return. "It's a new round in the trade war," Andy Lin, the firm's business development manager, told AFP at one of its factories in nearby Zhongshan.

Asian markets mixed as traders track tariff talks
Asian markets mixed as traders track tariff talks
by  AFP

Asian markets were mixed in holiday-thinned trade Friday as investors keep tabs on countries' tariff talks with the White House, while Donald Trump's remarks that he was reluctant to hike levies on Beijing even more provided a little support.