{"id":160002,"date":"2025-11-03T06:35:07","date_gmt":"2025-11-03T06:35:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/160002\/"},"modified":"2025-11-03T06:35:07","modified_gmt":"2025-11-03T06:35:07","slug":"asias-factories-stumble-as-us-tariffs-hit-order-books","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/160002\/","title":{"rendered":"Asia&#8217;s factories stumble as US tariffs hit order books"},"content":{"rendered":"<ul data-testid=\"Summary\" class=\"summary-module__summary__QjADA\">\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Asia&#8217;s manufacturing hit by weak U.S. demand, Trump&#8217;s tariffs<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">China&#8217;s economy loses momentum, PMIs show slower growth<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Trump-Xi tariff truce offers limited relief, deeper issues remain<\/li>\n<\/ul>\n<p>Nov 3 (Reuters) &#8211; Asia&#8217;s big manufacturing hubs struggled to fire up in October, business surveys showed on Monday, as weak U.S. demand and tariffs under President Donald Trump hit factory orders across the region.<\/p>\n<p>While Trump&#8217;s visit to Asia last week led to some progress in trade negotiations with large manufacturing economies such as China and South Korea, exporters continue to be cautious about U.S. demand.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> Sign up  <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/china\/global-economy-asias-factories-stumble-us-tariffs-hit-order-books-2025-11-03\/undefined?location=article-paragraph&amp;redirectUrl=%2Fworld%2Fchina%2Fglobal-economy-asias-factories-stumble-us-tariffs-hit-order-books-2025-11-03%2F\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">here.<\/a><\/p>\n<p>Private-sector purchasing managers&#8217; indexes (PMIs) for October released on Monday showed manufacturing activity growing at a slower pace in <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/china\/chinas-october-factory-activity-expansion-slows-private-pmi-shows-2025-11-03\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">China<\/a> and falling in <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/south-korea-factory-output-contracts-oct-pmi-shows-2025-11-03\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">South Korea<\/a>, with export orders in both countries declining.Friday&#8217;s official PMI survey showed China&#8217;s factory activity falling for the <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/china\/china-factory-activity-shrinks-seventh-month-october-pmi-shows-2025-10-31\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">seventh straight month<\/a>, confirming suspicions that the earlier export rush to get ahead of U.S. tariffs had well and truly ended.<\/p>\n<p>&#8220;The PMIs suggest that China&#8217;s economy lost some momentum in October, with slower growth across manufacturing and construction,&#8221; said Zichun Huang, China economist at Capital Economics. &#8220;Some of this weakness may reverse in the near term, but any boost to exports from the latest U.S.-China trade &#8216;deal&#8217; is likely to be modest and wider headwinds to growth will persist.&#8221;<\/p>\n<p>CAUTIOUS OPTIMISM ON TARIFFS PROGRESSIn a meeting in South Korea last week, <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/china\/xi-meet-canadian-japanese-leaders-after-trump-trade-truce-2025-10-31\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">Trump and Chinese President Xi <\/a>Jinping agreed to de-escalate tensions, including through a one-year delay in reciprocal tariffs, but the agreement does little to address a deeper divide between the two superpowers.<\/p>\n<p>Policymakers in Beijing are looking to see whether China&#8217;s $19 trillion economy is on track to hit its official 2025 growth target of around 5%, without needing to reach for further stimulus.<\/p>\n<p>Trade data for September showed <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/china\/chinas-september-exports-imports-surpass-expectations-2025-10-13\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">China&#8217;s exports rising<\/a> faster-than-expected, although this was mostly due to growth in new markets as U.S.-bound shipments tumbled 27% year-on-year.Similarly, Seoul&#8217;s trade deal with Trump announced last week secured lower U.S. tariffs on Korean goods, but was seen at best <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/china\/trump-says-trade-deal-reached-with-south-korea-2025-10-29\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">as a compromise<\/a> that prevents Asia&#8217;s fourth-largest economy from falling behind in global trade.In stark contrast to its northeast Asian peers, <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/india\/india-manufacturing-growth-picks-up-october-domestic-demand-strengthens-pmi-2025-11-03\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">India&#8217;s factory activity<\/a> sped up, helped by brisk domestic demand that helped offset the hit to exports.<\/p>\n<p>Elsewhere in Asia, continued declines were also seen in factory activity in Malaysia and Taiwan, PMIs showed, although Vietnam and Indonesia saw growth in their manufacturing sectors pick up.<\/p>\n<p data-testid=\"SignOff\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP\">Reporting by Asia Newsrooms; Writing by Sam Holmes; Editing by Jacqueline Wong<\/p>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">Our Standards: <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n<p><a href=\"https:\/\/www.reutersagency.com\/en\/licensereuterscontent\/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead\" target=\"_blank\" dir=\"ltr\" class=\"button-module__link__A3sD0 button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F\" data-testid=\"LicenceContentButton\" rel=\"nofollow noopener\">Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Asia&#8217;s manufacturing hit by weak U.S. demand, Trump&#8217;s tariffs China&#8217;s economy loses momentum, PMIs show slower growth Trump-Xi&hellip;\n","protected":false},"author":2,"featured_media":160003,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[82519,2000,2786,82703,84364,79,53515,84149,82530,84146,82531,82710,85720,3737,82702,83115,83116,179,84148,18,82578,45748,82774,19,84143,2761,92969,84369,17,88439,83122,82565,8179,82524,82507,29741,82508,1540,84116,82773,87567,107,92970,83127],"class_list":{"0":"post-160002","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-amers","9":"tag-asean","10":"tag-asia","11":"tag-asxpac","12":"tag-bsent","13":"tag-business","14":"tag-cn","15":"tag-destef-markets-macromatters","16":"tag-destocabsm","17":"tag-destortao","18":"tag-destousbsm","19":"tag-destseabs","20":"tag-destseatp","21":"tag-dip","22":"tag-easia","23":"tag-eci","24":"tag-eco","25":"tag-economy","26":"tag-efmarkets-macromatters","27":"tag-eire","28":"tag-emrg","29":"tag-gen","30":"tag-id","31":"tag-ie","32":"tag-ilei","33":"tag-in","34":"tag-indchi","35":"tag-ipr","36":"tag-ireland","37":"tag-kr","38":"tag-mce","39":"tag-mtpix","40":"tag-my","41":"tag-namer","42":"tag-news1","43":"tag-pmi","44":"tag-pol","45":"tag-potus","46":"tag-sasia","47":"tag-seasia","48":"tag-tw","49":"tag-us","50":"tag-vn","51":"tag-wash"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115484381895209739","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/160002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=160002"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/160002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/160003"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=160002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=160002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=160002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}