President Donald Trump announced a trade framework with Japan in July, placing a 15% tax on goods imported from that nation. That’s lower than the 25% rate Trumpinitially said would kick in starting in August. Previously, tariffs on most goods stood at 2.5%. It’s a heavy burden for an export dependent nation that is a major U.S. ally, but shipments to the rest of Asia are helping to offset those lost sales. Japan’s soybean imports from around the world surged 37.3% from a year earlier, while imporyts of iron and steel products dipped 17.1%.
søndag 23. november 2025
Japan’s exports to the world rise, but Trump’s tariffs dent its shipments to the US
Japan’s global exports rose 3.7% in October from a year earlier while imports from the world edged up 0.6%, according to government data released Friday. Exports to the U.S. dipped 3.1%, marking the seventh straight month of year-on-year declines mainly due to higher U.S. tariffs, Finance Ministry data showed.
President Donald Trump announced a trade framework with Japan in July, placing a 15% tax on goods imported from that nation. That’s lower than the 25% rate Trumpinitially said would kick in starting in August. Previously, tariffs on most goods stood at 2.5%. It’s a heavy burden for an export dependent nation that is a major U.S. ally, but shipments to the rest of Asia are helping to offset those lost sales. Japan’s soybean imports from around the world surged 37.3% from a year earlier, while imporyts of iron and steel products dipped 17.1%.
President Donald Trump announced a trade framework with Japan in July, placing a 15% tax on goods imported from that nation. That’s lower than the 25% rate Trumpinitially said would kick in starting in August. Previously, tariffs on most goods stood at 2.5%. It’s a heavy burden for an export dependent nation that is a major U.S. ally, but shipments to the rest of Asia are helping to offset those lost sales. Japan’s soybean imports from around the world surged 37.3% from a year earlier, while imporyts of iron and steel products dipped 17.1%.
