China's factory activity drops to a near two-year low in April as trade tariffs bite
1. China's manufacturing activity fell to a near two-year low, impacting trade. 2. U.S. tariffs on Chinese goods reached 145%, disrupting trade flows significantly. 3. China plans to support affected businesses, hinting at stimulus measures. 4. Trade negotiations between the U.S. and China show little progress recently. 5. Nomura estimates a 2.2% GDP impact for China from U.S. tariffs.