Anyone else feeling global trade is slowing down?

Just curious what people are seeing lately.
I keep hearing from manufacturers that orders are softer and everyone is cutting prices. Feels like margins are getting thinner.

From a stocks angle:

• Are export-heavy companies going to get hit?
• Is this already priced in?
• Any sectors that might actually benefit?

Maybe it's just noise, but it feels different compared to a couple years ago. Would like to hear what others think.