Anonymous30 minutes ago
Japan, South Korea, and Taiwan — three pillars of East Asian manufacturing — are experiencing simultaneous industrial contraction as China's subsidized overcapacity, aging workforces, and U.S. tariff pressure erode margins across steel, petrochemicals, batteries, and traditional manufacturing. While governments have responded with tens of billions in semiconductor subsidies and industrial policy, the benefits are concentrated in high-tech sectors, leaving traditional manufacturers and their SME supplier networks facing closures, job losses, and an uncertain structural transition.