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Asia's factories close 2024 weakly amid Trump 2.0 trade risks

share-iconThursday, January 02 comment-icon2 weeks ago 9 views
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reutersREUTERS
Asia's factories close 2024 weakly amid Trump 2.0 trade risks

Credited from: REUTERS

  • Asia's factory activity **declined** at the end of 2024 as **trade risks** increase with Trump's potential presidency.
  • The latest **PMI data** reveals weakening manufacturing in **China** and **South Korea**, while **Taiwan** and **Southeast Asia** show slight improvements.
  • Trump plans to impose significant **tariffs** on imports from Mexico, Canada, and China, affecting broader global trade dynamics.
  • China's manufacturing PMI fell to **50.5** in December, indicating only modest growth, while **South Korea's** PMI showed a **shrinkage** of activity.
  • Despite declining activity in several regions, **Taiwan** reported growth, and **Singapore** saw its fastest annual expansion since the pandemic.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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