Source: International Business Times
Chinese factory activity contracted in April at its fastest pace since July 2023 AFP Stocks started limply Wednesday as investors struggled to match Wall Street's rally, with data showing Chinese factory activity contracted this month at its fastest pace for nearly two years as Donald Trump's trade war kicked in. While markets have recovered some of the losses suffered after the US president's "Liberation Day" tariffs announcement on April 2, uncertainty still rules as countries look to cut deals to avert the worst of Washington's ire. China has pointedly not flown to the United States in a bid to pare back the levies of up to 145 percent imposed on its goods, instead hitting back with 125 percent tolls of its own.
