Trump's 30% tariff threat would 'practically prohibit' trade
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Exports fell for a second straight month in June, fueling fears that U.S. tariffs will halt Japan’s economic recovery and complicate the central bank’s policy plans.
Japan's exports fell for a second straight month in June, data showed on Thursday, underscoring the mounting strain that sweeping U.S. tariffs are placing on the country's fragile economy.
Exports measured by value dropped 0.5% in June from a year earlier, led by cars and steel, the Finance Ministry reported.
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Tak Niinami, Chairman and CEO of Suntory Holdings says the Ishiba administration is unable to make a bold decision to open Japan for agriculture products from the U.S. ahead of the upper house elections.
Japan's government said its top trade negotiator, Ryosei Akazawa, held a 45-minute phone call with U.S. Commerce Secretary Howard Lutnick on U.S. tariffs on Thursday.
With elections coming in Japan, the threat of U.S. tariffs is forcing its prime minister to start talking tougher, and is getting people to rethink long-held assumptions about relations with the U.S.
President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.
The U.S. will impose tariffs of 25% on Japan and South Korea beginning on Aug. 1, President Donald Trump announced on Monday in posts on Truth Social.
TOKYO] Japan’s exports fell for a second straight month in June, data showed on Thursday, underscoring the mounting strain that sweeping US tariffs are placing on the country’s fragile economy. Read more at The Business Times.
The European Union could target Boeing and whiskey-maker Brown-Forman under its plans for retaliatory tariffs if the bloc can’t reach a trade deal with the U.S.