While the adjustment was general, the impact was felt more strongly on cars, whose plans to the US market fell 28.4%, which cut in half the bilateral surplus, which remained at 324 billion yen.
Japan’s external sales to the United States showed a setback again in Augustdragged by the Tariff coup to the automotive industry.
As reported by the Japanese Ministry of Finance, exports to the largest economy in the world were reduced by a 13.8% year -on -yearto the 1.39 billion yen (about US $ 9.5 billion). It was the fifth consecutive month in Baja.
Donald Trump’s tariff policy hits Japanese automotive and causes a sharp drop in exports
The adjustment felt more strongly on carss, whose placations to the US market fell 28.4%which cut in half the bilateral surplus, which remained in 324 billion yen. The slightest demand for construction machinery and equipment linked to the semiconductor industry also influenced.
At the same time, the Imports from the US grew 11.6%overcoming the billion yen, which expanded the deterioration of the trade balance between the two countries.
The tension is explained by the commercial policy promoted by Donald Trump, which in April applied a 25 points rise in taxes to Japanese cars, taking them to 27.5%. Although in July it was agreed to reduce them to 15%, the measure just entered into force in September, too late to compensate for the accumulated blow.
In volume, vehicle shipments were reduced 9.5%, reflecting both the impact of tariffs and the uncertainty of the US consumer. “Even with the tariff reduction, profits can be pressed and affect wages and investment,” he warned Takeshi Minamichief economist of Norinchukin Research Institute.
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Photo: AS
Globally, Japan registered a commercial deficit for the second consecutive month, although the red one reduced a 65.9% Thanks to the fall of oil and lower purchases from the Middle East. Total exports decreased 0.1%, while imports retreated 5.2%.
With China, Japan maintains a negative balance that has already been in a row and that in August was from 425.7 billion yen. In contrast, he achieved a 25.3% surplus with the rest of Asia. In the relationship with European Unionthe commercial deficit was extended for nineteenth consecutive month.
The panorama leaves the Japanese economy in front of a fragile scenario: car exportsone of their historical engines, feel the effect of tariff disputes and a global market still unstable.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
