Day: April 24, 2025

Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Factories in China have begun slowing production and furloughing some workers as the trade war unleashed by US President Donald Trump dries up orders for products ranging from jeans to home appliances. With most Chinese goods now facing US duties of at least 145 per cent, some factory owners say American customers have cancelled or suspended orders, forcing them to cut production. About 15 per cent of all…

Medical device makers have raised the alarm over a potential supply chain crunch and higher prices for hospitals around the world because of the disruption from the US-China trade stand-off.  Experts said the industry’s highly integrated global supply chains, which can see a single device drawing parts from more than 20 different countries, had left the industry highly exposed to a global tariff war.  The sector’s main US lobby, representing makers of devices ranging from MRI scanners to glucose monitors, has warned of severe consequences for the health sector if…