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Delivery container loads a dock to Tokyo -bei. Japan depends heavily on exports (such as cars, electronics), faces risks from tariffs in the US, especially on cars (25% of Trump’s first tariff was delayed but remains a problem). Higher tariffs can reduce USA access to the US market, increase consumer prices and harm GDP. However, Japan’s strategic coordination with the US and exceptions from some tariffs (steel tariffs in 2018) offer partial relief. Japan also turned trade diversification through agreements such as CPTPP and RCEP, reducing the US market dependence.
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Exports from Japan decreased by 1.7% in May, noting a sharp decline since September 2024, when the country continues to fight trading uncertainty.
The drop was softer than a 3.8% decrease, predicted by economists surveyed by Reuters, but was a reversal compared to 2% income recorded in April.
Data of the Ministry of Commerce of Japan Exports to the United States have been found to decline, decreasing by 11.1% a year. Exports to China, the largest trading partner in Japan, decreased by 8.8%.
World road exports in Japan decreased by 6.9%, but, in particular, car exports to the United States fell 24.7% compared to the same period last year.
Japanese manufacturers made 28.3% of all exports to the US in 2024, According to customs data. Except Current 25% College on your car. steel Exports to the United States, Japan also faces 24% of the “return” tariff rate on all other exports since 9 July.
The data is coming every other day after highlighting the Bank of Japan His statement about the monetary policy The fact that the country’s growth is probably “moderate” because of the factors such as trade, which will slow down the overseas economies and reduce domestic corporate profits.
“It is extremely uncertain as trade and other politicians in each jurisdiction will develop and how economic activities and prices react to them abroad,” Boj added.
Export drop has already made a dent to Japan’s GDP, and the country’s economy decreased by 0.2% In a quarter of MarchCompared to the previous period, marking for the first time in a year when the economy has concluded a quarter a quarter.
Imports of the third largest economy in the world decreased by 7.7% in May, compared to the reuters survey by 6.7%.
Trade deficit in Japan amounted to 637.6 billion in May, less than 892.9 billion in the reuters survey.
US President Donald Trump said on Wednesday said this Japan was “tough” in trading negotiationsAfter six rounds of negotiations between Japan’s main negotiator, RaSEU, Secretary of the US Trade, Howard Lutnit and Finance Minister Scott Baby, were unable to break through.
