BOJ warns of possible hit to global trade from planned new US tariffs

The new US tariffs have triggered international criticism and concern about a trade war.

Japan’s Bank Shares Plunge as Tariffs Hurt BOJ Rate Hike Outlook

A measure of Japanese bank shares plunged more than 7%, the most since August, as worries about the impact of harsher-than-expected US tariffs on Japan’s economy fueled bets the central bank may pause rate hikes.

BOJ warns of possible hit to global trade from planned new US tariffs

Planned new U.S. tariffs could have a huge impact on world trade, Bank of Japan Governor Kazuo Ueda said on Wednesday, warning of a possible hit to global growth hours before President Donald Trump is set to unveil reciprocal tariffs.

U.S. tariffs could have big impact on global trade, BOJ chief says

Gov. Kazuo Ueda also underlined the potential of such tariffs affecting households and business sentiment, which would go on to influence overall spending.

“These tariffs and potential retaliatory responses will have significant repercussions on global trade flows, will lead to an increase in the prices of international products, a drop in consumption and an increase in costs and difficulties in supplying the factors of production essential for agricultural production.” This is underlined by Copa-Cogeca, the confederation of European agricultural enterprises. “The agricultural community asks both a…

With the United States set to announce new tariffs on Wednesday, Lithuania's foreign minister says the consequences could shake up global trade. "We have a number of scenarios in mind of what tariffs could be imposed, what consequences they would have. I won't get ahead of myself (...). But yes, there could be a global trade shake-up, a global shock to trade.