Manufacturing activity across Asia faced notable declines in May, largely as a result of uncertainty stemming from U.S. tariffs. Purchasing managers surveys reveal that many factories are experiencing a downturn, marked by significant drops in new orders. The ripple effect of tariff policy on global supply chains continues to raise concerns. Investors should be aware of these challenges, as they can lead to shifts in market performance. Understanding the broader implications of trade relations is essential for making informed investment decisions in these turbulent times.