Chinese Manufacturing Tumbles as Tariffs Bite

中国制造业受关税影响急剧下滑

WSJ What’s News

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2025-04-30

13 分钟
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单集简介 ...

A.M. Edition for April 30. Chinese export orders and factory activity plummet as trade war damage begins to pile up. Plus, President Trump talks up his tariffs, even as voters’ economic concerns mount. WSJ White House reporter Alex Leary looks back on the president’s first 100 days in office. And Starbucks turns to tech to tackle unpopular in-store wait times. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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单集文稿 ...

  • Warning signs for China's economy as trade war damage begins hitting home.

  • Plus, President Trump talks up his tariffs, even as voters' economic concerns mount.

  • After 100 days back in the White House, America is a free, proud and sovereign nation once more.

  • And our magnificent destiny is closer than ever before.

  • It's closer than ever before.

  • You have no idea how close it is.

  • And Starbucks turns to tech to tackle unpopular in-store wait times.

  • It's Wednesday, April 30th.

  • I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News,

  • the top headlines and business stories moving your world today.

  • The proof of the trade war is in the numbers.

  • Beijing released fresh data on export orders and factory production for April overnight,

  • with neither indicator able to hide the damage that tariffs are causing to the engine of China's economy.

  • Journal reporter Jason Douglas joins me now from Tokyo.

  • Jason, these readings don't seem all that hard to parse, frankly.

  • Things are not going well.

  • Yeah, that's right, Luke.

  • There was a contraction in manufacturing activity down to the worst reading for,

  • I think, about a year, maybe about 18 months.

  • It was far worse on new export orders, which, after all, is a thing we're all watching closely.