Asia’s factories suffer major blow as Trump’s tariffs hit demand

Quick Summary:

Manufacturing activity across most of Asia contracted in April, with companies struggling with weaker demand and pausing new orders in the face of US President Donald Trump’s baseline 10% tariff.

Asian nations would be among the hardest hit in the trade war, as many economies such as Vietnam and Cambodia rely heavily on exports to the United States.

US President Donald Trump walks on the South Lawn of the White House before boarding Marine One in Washington on Thursday.

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Article Details

Category: EconomyBusiness

Markets: ThailandCambodiaCanadaChinaIndonesiaSouth KoreaMalaysiaMexicoPhilippinesTaiwanUnited StatesVietnam

Topics: Trade President Asia Tariff Production Companies South Year Global April

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 10:49:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 28315729

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 25 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 8 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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