Japan, Trump and tariffs
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Markets are fretting that the outcome of the Upper House election on July 20 could strip the ruling coalition of its majority and spur an increase in fiscal spending.
Tokyo had expected smooth tariff negotiations but is experiencing whiplash, becoming a central target of President Trump’s trade frustrations.
Japan's trade deal with the U.S. must include tariff concessions for its vital automobile industry, top trade negotiator Ryosei Akazawa said on Tuesday, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1.
Anxiety over U.S. tariffs has been spreading across Japan, a central bank report shows, sending a worrying signal about the corporate outlook as trade uncertainty deepens.
Toyota Motor, Japan’s largest company, has projected a $1.3 billion hit to its profits for April and May alone because of the tariffs. Honda Motor and Nissan Motor have similarly forecast sharp ...
Japan's June core inflation likely slowed but remained above the central bank's 2% target, a Reuters poll showed, keeping it under pressure to resume interest rate hikes as U.S. trade tariffs threaten an already fragile economy.
Japan's gross domestic product shrank an annualised 0.2% in the January-March quarter, even before U.S. President Donald Trump announced his so-called "reciprocal" tariffs on April 2.
Potential impact: Analysts estimate the tariffs could shave up to 0.8% off Japan’s GDP, particularly harming its export-heavy auto sector.
U.S. President Donald Trump's tariffs threaten the American economy at least as much the European one, German Finance Minister Lars Klingbeil said on Wednesday, calling for a "fair deal" with the Americans.