U.S.-China trade war takes toll on South Korea and Japan

TOKYO: The US-China trade war is beginning to crimp the economies of China’s neighbors, starting with manufacturers of high-tech equipment.

South Korea said Sunday that its exports to China fell 21.3% in August compared with the same month a year earlier, driving an overall 13.6% decline in exports. And Japan said Monday that capital spending by the country’s manufacturers fell 6.9% in the April-June quarter, the first decline in two years, as companies grappled with a nearly double-digit decline in exports to China.