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India shines as Asian factories falter
Mint Mumbai
|July 08, 2025
The tariff freeze announced by US President Donald Trump on 2 April is set to lapse on 9 July
India stood out as a rare bright spot as manufacturing activity across most of Asia's export-driven economies faltered or saw only marginal improvement in June amid global trade tensions, worsened by a fresh wave of US tariffs.
Every major Asian economy that ran a trade surplus with the US last year saw factory output either contract or eke out a tepid rebound last month. That includes China, Vietnam, South Korea, Japan and Malaysia—economies heavily reliant on American demand.
The tariff freeze announced by President Donald Trump on 2 April is set to lapse on 9 July, casting further uncertainty over Asia's near-term export outlook.
This story is from the July 08, 2025 edition of Mint Mumbai.
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