Global Trade Hit by Ukraine War, China Lockdowns

SINGAPORE—Global commerce stumbled in March, tripped up by accelerating inflation, war in Ukraine and Covid-19 lockdowns in China, including to indicators the world financial system is coming into a tough patch as coverage makers battle to maintain development.

Trade figures and surveys of enterprise exercise launched this month from Asia’s powerhouse merchants—China, Japan, South Korea and Taiwan—all level to a pullback. China’s exports slowed final month and imports into the world’s second-largest financial system registered their first annual decline in nearly two years, in accordance with figures launched Wednesday.

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