China’s economy showed its first big signs of damage from the trade war, as steep U.S. tariffs pummeled export orders and production at the country’s factories.A gauge of new export orders fell in April to its lowest reading since Covid-19 was ravaging the country in 2022,

Samsung Electronics Co. reported slower profit growth and softening demand for storage chips, a sign that the US-China trade war may be triggering cuts in artificial intelligence hardware spending.