Japan’s exports to the US continue to fall, hit by Trump’s tariffs
Japan's auto exports to the U.S. fell 13.8% in August, marking five consecutive months of decline due to tariffs that remain higher than pre-tariff levels.
- In August, shipments from Japan to the U.S. declined by 13.8%, marking the fifth month in a row of reduced export levels.
- The decline followed President Trump's tariffs on Japanese automobiles, which initially reached 27.5% and were 15% in August.
- Japan’s total exports remained nearly steady, declining marginally by 0.1%, while shipments to Europe and the Middle East increased. Additionally, exports of food products and ships experienced significant growth, rising by 18% and close to 25%, respectively.
- Imports increased notably, with U.S. imports rising 11.6%, computer imports up nearly 35%, and aircraft imports growing 21%.
- The continuing export drop to the U.S. suggests tariffs significantly affected auto exports, but growth in other regions and sectors partially offset overall declines.
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Japan's exports to the US continue to fall, hit by Trump's tariffs
Japan’s exports to the United States plummeted 13.8% in August compared to the same month the previous year, marking the fifth straight month of declines, as auto exports were hit by President Donald Trump’s tariffs.
[NHK] According to last month's trade statistics released by the Ministry of Finance, exports to the United States fell 13.8% compared to the same month last year amid ongoing tariff measures...
Japan's exports to US continue to fall, hit by Trump's tariffs
Japan's exports to the United States saw a decline of 13.8 percent in August. This marks the fifth consecutive month of decrease. Auto exports faced the brunt of President Trump's tariffs. Overall, Japan's exports remained almost unchanged. There was growth in exports to Europe and the Middle East. Imports from China increased, while exports to China decreased.
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