US EditionJapan's Exports to the World Rise, but Trump's Tariffs Dent Its Shipments to the US
Japan's exports rose 3.7% globally in October despite a 3.1% drop to the U.S. amid 15% tariffs; imports from the U.S. increased 20.9%, driven by food and petroleum.
- On Friday, government data show Japan's global exports gained 3.7% last month while exports to the U.S. fell amid worries about tariffs, supporting mixed trade flows.
- Exports to the U.S. declined 3.1% last month, amid worries about a trade framework imposing a 15% tax, affecting sectors like computer parts and machinery.
- Asia markets, notably Hong Kong and Taiwan, showed strong gains as exports to Hong Kong rose 19.2% and to Taiwan increased 17.7%, while soybean imports surged 17.70% and imports from the U.S. rose 20.9% on petroleum and food.
- As a result, Japan narrowed its deficit to 231.77 billion yen last month, and analysts say it may pivot toward other Asian nations to offset lost U.S. sales.
- Previously, tariffs on most goods stood at 2.5%, contrasting with the 15% U.S. levy, while Prime Minister Sanae Takaichi's Taiwan comments angered China, prompting a Beijing travel advisory.
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26 Articles
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Japan's exports to the world rise, but Trump's tariffs dent its shipments to the US
Japan has reported that its exports to the world rose 3.7% in October from a year earlier, while imports edged up 0.6%. Data released Friday by the Finance Ministry showed exports to the U.S. dipped 3.1%, marking the seventh straight…
Japan's exports to world rise but drop to US due to tariffs
Japan's global exports saw a 3.7 percent increase in October. However, exports to the United States experienced a decline for the seventh consecutive month. This trend is linked to potential impacts from US tariffs. Japan's trade deficit narrowed significantly in October compared to the previous year.
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