News > Ukraine war affected global trade, China lockdown
Ukraine war affected global trade, China lockdown
Bharat Times | 13/04/2022 06:57 PM | Click to read full article
Data from China, Japan, South Korea, and Taiwan all point to a pullback in global trade as European consumers withered under pressure from rising energy prices, and Chinese factories slowed to a crawl as Shanghai and Shenzhen as major cities were closed.
America’s appetite for imports is stagnant but may be challenged as inflation and rising interest rates cut consumer spending.