Top Asia Industrial Engines Show Signs of Stress: Supply Lines

Asia’s top two trading powers are showing more signs of stress as US importers pay higher tariffs on their products.

The latest figures Tuesday showed:

• China’s factory activity extended its decline into a sixth month, the longest slump since 2019, as the economy descends into a slowdown after a growth spurt to start the year. A boom in exports is cooling off after companies rushed to ship products to get ahead of US President Donald Trump’s tariffs.
• Factory output in Japan fell for a second month as exporters remained cautious. “It’s becoming increasingly clear that companies are trying not to rely too ...