Asian stocks fell on Friday amid increased concerns over U.S. President Donald Trump’s trade tariffs after they were reinstated by an appeals court, overshadowing a prior ruling that blocked the levies. 

The Thai economy improved in April from March, driven by the manufacturing sector after a sharp increase in exports drove inventory replenishment and also helped by a slight rise in tourism, the central bank said in a report on Friday.

Core inflation in Japan’s capital hit a more than two-year high on persistent rises in food costs, data showed on Friday, keeping the central bank under pressure to hike interest rates further.

China’s factory activity likely contracted for a second month in May, a Reuters poll showed on Friday, suggesting trade tensions with major export markets are weighing on manufacturers’ minds as the world’s top two economies seek a way out of a tariff war.

President Donald Trump’s trade war has cost companies more than $34 billion in lost sales and higher costs, according to a Reuters analysis of corporate disclosures, a toll that is expected to rise as ongoing uncertainty over tariffs paralyzes decision making at some of the world’s largest companies.

The Gross Domestic Product (GDP), a primary indicator of the health of the economy, has shown a slight decline in recent figures. The annualized change in the inflation-adjusted value of all goods and services produced by the economy, a broad measure of economic activity, has fallen to -0.2%.