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Cars waiting for shipment parked at the port on March 27, 2025 in Japan Yokaham. Us
Tomohiro Ohsumi | Gets the image
Export Japan slowed down for the second consecutive month, Government data showed on Wednesdayas a country that is being fed for tariffs for US President Donald Trump.
Export growth by 2% corresponded to the estimate of analysts in Reuters, its slowest since October last year and the worst show since September, when exports decreased by 1.7%.
Imports of the country decreased by 2.2% compared to the year, less than a 4.5% decline.
A valid gross domestic product of Japan has concluded a contract Annual 0.7% In the first quarter of this year showed the preliminary data of the government, the stagnant private consumption and slowing the export growth.
Currently Japan is charged 25% collection on their car. Exports of steel and aluminum For the US, a key ally is subject to 10% of the basic tariffs imposed by Trump for most trading partners. Japanese goods also face the “return” tariffs of 24%that were temporarily suspended.
On April 2, Trump charged “mutual” tariffs from more than 180 countries, including Japan, only suspending them about a week for 90 days after the market shock and allowed trades to conclude transactions with Washington.
Cars – the main exports of Japan to the US, which is 28.3% of all supplies in 2024, According to customs data.
Japan’s trade deficit narrowed to 115.8 billion yen ($ 803.1 million), less than the Reuters poll expectations of 227.1 billion. In March, the deficit amounted to 559.4 billion.
According to the region, Japanese exports to China and the US, its largest trading partners, decreased by 0.6% and 1.8% compared to a year earlier.
