Trade Woes in Asia Bring Inflation Relief to U.S. Consumers

But slowing exports to Western nations won’t alone stem rapidly rising prices

June 24, 2023 8:00 am ET

Exports from South Korea over the 12 months through May were 11% lower than they were in the year through September. Photo: Yonhap/Zuma Press

SINGAPORE—Sinking global trade is pummeling Asian exports, bringing some relief on inflation to U.S. and other Western consumers. 

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