China’s factory activity is down to two years in April for bite trading tariffs

China’s production activity slips into the territory of contraction in April, fell more than expected for two-year lower and sliding The growing trade war with the United States is hurting bilateral trade.

The official recipient managers index, according to the data of the Statistics National Bureau of Statistics on Wednesday, on Wednesday, the expansion of the passage since January.

According to LSEG, Reuters read expectations for 49.8 contractions of 49.8 contracts in the survey and noted the weakest level since May 2023. The deceleration came after China’s production activity increases Fastest ratio in MarchLike exporters, the front of the front to prevent higher positions.

Sub indices for production and new orders, 49.8 and 49.2 to 49.8.2, show official figures that express more softer demand in the production sector. Raw materials and raw material expenditures and exit prices in the industry continue to reduce, 47.0 and 44.8.

In a similar vascular, the CAXIn / S & P global production PMI slowed down In April 50.4 Shows a modest expansion from 51.2 in the previous month. Analysts held a private sector request index in 49.8.

Official PMI for non-production activities that cover services and construction, which are modest In April 50.4 from 50.8 in the previous month.

Bureau’s General Statistical Zhao Qinghe, slowed down the slowing plant in connection with “sharp changes in foreign environment” Chinese phraseTranslated by CNBC. Zhao added that China will move “to coordinate domestic economic work and international trade disputes”, and pay attention to employer, supporting businesses and stabilize the markets.

In March, the United States has repeated PMI in 49.0 “No one will win” in the Tariff War.

Employment, employment was accumulated in the management, but in addition to the services sector, which was concluded in 46.8.

“The sharp fall of the PMI is likely to have the effect of tariffs due to negative feeling, but is under pressure as China’s foreign demand cooled.

While the government increased financial support, dragging that the economy expansion of only 3.5% of the economy this year, Huang said he could not replace the fullest.

US President Donald Trump applied a total of 145% to Chinese goods this year, with the majority of these tariffs Comes into force in AprilTo track the “Day of Liberty”. This brings common tariffs in some products from China As high as 245%According to a Fact sheet Released by the White House.

Retaliated with China 125% of the new money levies on US goods Before we set the overwhelm tariffs of Washington “Meaningless Numbers Game.”

Trade flows between the two countries, Tat-Tat Tat Tariff Tariff Hikes after the Hikes “Seriously violated”, President Asian economist, the President of Stanley lasted a second-year second in the last weeks.

Despite the small progress in trade talks between the two countries, the latest reports and both government demanded the economic impact of punitive tariffs.

China said that in particular he refused to freedom from the tariff for certain US goods Pharmaceuticals, Aerospace Equipment, Semiconductors and atran Import.

On Wednesday, Trump was signed disposal To exempt from foreign cars and parts, including the return of tariffs on electronic products, including This month ago.

Again, about 2.2% of China’s gross domestic product will be directly affected by 145% of the United States and estimates that 9 million jobs in China’s production sector will be exposed to Trump tariffs.

One Economic policy admission meeting Last week, the Chinese government promised to support the most affected enterprises and employees from the influence of mass US tariffs to give an emergency signal To develop a more active financial policy and “moderate empty” monetary policy to prepare the economy.

Banks of Major Wall Street, when the Chinese GDP kills predictions for the year, referring to trade headlines, Beijing repeated it “Completely confident” This year to achieve “about 5%” high purpose.

The Chinese economy grew 5.4% of better than unexpected In the first quarter, a partial assisted to send us to the United States to send us the acceleration of exporters.

“The oil-fattening effect of tariffs will probably require you to double this year,” he said.

Wang will have to place at least 2 trillion yuan in the financial costs to oppose the loss of 2% in Beijing GDP.

Trump management, while insisting on trade talks with Chinese officials, there was Beijing repeatedly rejected Washington was in any conversation to resolve tariff disputes.