Economic news

Asian industrial output slides earlier than U.S. tariffs come into effect

Manufacturing firms in Asia decelerated in the past month ahead of the U.S. and China’s tariffs effective date this week, it is a worrisome signal that Washington’s protectionism could bring down global expansion.

Photo: REUTERS/Tyrone Siu

Exports from China and Japan dropped last month, along with that Asian companies incurred higher costs because of grown prices on crude, as monthly surveys show.

Bank of Japan’s own survey revealed that large firms’ business confidence moved lower for two quarters in a row, which hampers moving away from the stimulus policy.

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