The economies of China’s neighbors are suffering from China’s trade war with the U.S., starting with manufacturers of high-tech equipment
TOKYO—The U.S.-China trade war is beginning to crimp the economies of China’s neighbors, starting with manufacturers of high-tech equipment.
South Korea said Sunday that its exports to China fell 21.3% in August compared with the same month a year earlier, driving an overall 13.6% decline in exports. And Japan said Monday that capital spending by the country’s manufacturers fell 6.9% in the April-June quarter, the first decline in two years, as companies grappled with a nearly double-digit decline in exports to China.
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