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Trade war

Trump's China trade threat darkens Asia manufacturers' mood again

Vow by US president to raise tariffs likely to negate bounce in April PMIs

Falling prices for semiconductors and petrochemicals, and a slowing Chinese economy, contributed to lower exports from South Korea.   © Reuters

SINGAPORE -- U.S. President Donald Trump's latest threat to raise and broaden tariffs on Chinese imports has darkened Asian manufacturers' outlooks, which had shown signs of recovery in last month's Nikkei Purchasing Managers' Index survey.

The April Nikkei PMI survey indicated the region's manufacturers were overcoming the headwinds arising from U.S.-China trade tensions, with some analysts saying the worst was over, although some economies still faced falling external demand.

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