US EditionJapan records trade deficit as exports suffer from Trump’s tariffs
- Japan posted a trade deficit of 637.6 billion yen in May, marking the second consecutive monthly shortfall.
- The deficit followed a steep decline in exports to the United States, largely caused by the Trump administration's 25 percent tariffs on vehicles and parts imposed since April and May.
- Shipments of automobiles to the US fell 24.7 percent and total exports dropped 1.7 percent from last year, while imports declined 7.7 percent due to lower energy prices.
- Prime Minister Shigeru Ishiba cautioned that US tariffs affect various industries and may have far-reaching effects on the worldwide economy. However, he stressed that Japan would not compromise its national interests for the sake of reaching a swift agreement.
- Bilateral negotiations will continue after Ishiba's meeting with President Trump, but uncertainty about the tariff outlook suggests Japan's auto exports may remain weak, affecting the broader economy.
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Japan logs ¥637.6 bil trade deficit in May on weak U.S. exports
Japan logged a 637.61 billion yen ($4.38 billion) trade deficit in May, with auto-related shipments to the United States plunging, possibly affected by higher tariffs imposed by President Donald Trump, government data showed Wednesday. The trade balance remained in the red for the second straight month, as overall exports fell…
·Sakado, Japan
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Associated Press News+11 Reposted by 11 other sources
Japan records trade deficit as exports suffer from Trump's tariffs
Japan has reported its exports fell in May as shipments of autos to the U.S. dropped nearly 25% from a year earlier due to higher tariffs imposed by President Donald Trump.
·United States
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kreiszeitung.deReposted by 
op-online.de
op-online.deUS tariffs on cars burden the exports of a close ally: In May, the value of car and car parts deliveries to the US fell significantly – despite almost stable deliveries.
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Total News Sources18
Leaning Left5Leaning Right4Center5Last UpdatedBias Distribution36% Left, 36% Center
Bias Distribution
- 36% of the sources lean Left, 36% of the sources are Center
36% Center
L 36%
C 36%
R 29%
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