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flag US tariffs cause manufacturing PMIs to hit lows in both the US and South Korea, signaling economic contraction.

flag US tariffs have caused a sharp decline in manufacturing activity in South Korea and the US, with South Korea's Purchasing Managers' Index (PMI) for manufacturers hitting a 2.5-year low of 47.5 in April. flag The US ISM manufacturing PMI also contracted, falling to 48.7, indicating a second consecutive month of decline. flag The tariffs have led to reduced demand, particularly in exports, and increased uncertainty and costs for manufacturers, contributing to a contraction in both economies.

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