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When it comes to the inflation from this war, gas is just the beginning.

From Marketplace, I'm Sabrina Banishore in New York. First, a quick update on the war. Roiders is reporting negotiations between the U.S. and Iran may resume this week. That's after talks failed over the weekend, and the U.S. imposed a

blockade of Iranian ports in the Persian Gulf. One nation that's largely remained aloof from the war

is China. But today, China's president, Xi Jinping, observed that the international order is

crumbling into disarray. Meanwhile, China's exports slowed sharply last month.

Marketplaces Nancy Marshall-Genzor takes a look at how the war is affecting China's bottom line.

The Chinese government reported today that exports in March were up just two and a half percent from the same time last year.

That's a steep decline from the beginning of the year. Part of the drop-off

could be due to a late lunar New Year holiday when factories shut down. And China is somewhat

insulated from the effects of the war. Demand for green products from China, like electric vehicles,

is up. And Beijing has stockpiles of oil, but it is a major importer of Iranian oil,

which could be choked off by the U.S. blockade of the Strait of Hormuz, and if the war drags on

and consumers have to budget more for fuel, they'll have less money for Chinese exports.

I'm Nancy Marshall Genser for Marketplace.

It is spring, and the real estate market is

supposed to be popping. It is not, at least not as much as usual. New data out this week from

the National Association of Realtors shows seasonally adjusted sales of existing homes were actually

down 3.6%. Marketplaceplaces Carla Javier has that.

The extent of the drop was a bit unexpected, says Stephanie Moulton at the Ohio State University.

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