Tag - tariffs

 
 

TARIFFS

Lexus GX 550 SUV is displayed at the New York International Auto Show in New York in March last year.
BUSINESS / Companies
Jun 21, 2025
Toyota to raise U.S. auto prices by more than $200 from July
Some Toyota- and Lexus-branded models will see their prices raised by an average of $270 and $208, respectively.
Chief tariff negotiator Ryosei Akazawa has said that his U.S. counterparts are open to an extension of the July 9 deadline for countries that are making an effort toward a deal.
BUSINESS / Economy
Jun 20, 2025
Japan hopes good-faith negotiations will buy it some time in U.S. tariff talks
U.S negotiators have said that the July 9 deadline is flexible and that extensions might be granted.
About three-quarters of Japanese imported crude oil travels through the Strait of Hormuz, which Iran has threatened to close.
BUSINESS / Economy / FOCUS
Jun 20, 2025
Japan’s economy is particularly vulnerable amid Middle East conflict
The yen is not trading like a safe-haven asset following Israel's efforts to knock out Iran's nuclear program.
Economic Revitalization Minister Ryosei Akazawa deflected a question over whether Japan will seek an extension of the deadline for the across-the-board tariffs.
BUSINESS / Economy
Jun 20, 2025
Japan won’t fixate on July 9 in U.S. trade talks, says Akazawa
Tokyo's top trade negotiator deflected a question over whether Japan will seek an extension of the deadline for the across-the-board tariffs.
Norway's central bank in Oslo. The krone slid roughly 1% against the dollar and the euro after a rate cut.
BUSINESS / Economy / ANALYSIS
Jun 20, 2025
Oil, war and tariffs tear up global markets' central bank roadmap
Monetary policy uncertainty is one more headwind for markets to navigate against a backdrop of geopolitical and trade risks.
Consumer prices excluding fresh food quickened for a third month to 3.7% from a year earlier in May.
BUSINESS / Economy
Jun 20, 2025
Japan’s prices climb by most in two years ahead of Upper House election
Consumer prices excluding fresh food quickened for a third month to 3.7% from a year earlier in May, according to an internal affairs ministry's release Friday.
Japan’s trade surplus with the U.S. last year stood at ¥8.6 trillion ($59.3 billion). Roughly 82% of the gap was due to Japan’s surplus in cars and auto parts.
BUSINESS / Economy
Jun 19, 2025
U.S. focus on auto trade gap is sticking point for Japan deal
Prime Minister Shigeru Ishiba briefed CDP leader Yoshihiko Noda and others about the latest developments in the bilateral trade negotiations.
Mitsubishi Motors is raising prices on some of its models, including the gasoline version of Outlander Sport sold in the U.S. market.
BUSINESS / Companies
Jun 18, 2025
Mitsubishi Motors raises U.S. prices as tariffs roil carmakers
The new prices will affect vehicles delivered after Wednesday and won’t be applied to cars currently on display in showrooms.
Exports measured by value dropped 1.7% in May from a year earlier, suggesting exporters may be absorbing the tariff shock by cutting prices, as export volume rose 1.8%.
BUSINESS / Economy
Jun 18, 2025
Japan’s export drop raises recession risks as U.S. tariffs bite
The drop in exports and the larger trade deficit add to concerns that Japan’s economy could shrink again in the second quarter.
Prime Minister Shigeru Ishiba speaks to reporters after holding talks with U.S. President Donald Trump on Monday on the sidelines of the Group of Seven leaders' summit in Kananaskis, Alberta, Canada.
BUSINESS / Economy
Jun 18, 2025
Trump calls Japan 'tough' trade negotiator and complains EU not being fair
U.S. President Donald Trump also said there was still a chance of a trade deal between Washington and Japan.
U.S. President Donald Trump walks to have a family photo taken at the Group of Seven leaders' summit in Kananaskis, Alberta, Canada, on Monday.
WORLD / Politics
Jun 17, 2025
G7 backs Israel’s ‘right to defend itself’ as Trump hastily leaves summit
In a tersely worded joint statement, the bloc labeled Iran a “principal source of regional instability.”
The Bank of Japan is shifting its strategy on bond purchasing to help stabilize yields on longer-dated securities.
BUSINESS / Economy
Jun 17, 2025
Bank of Japan holds rates steady and signals shift in bond purchases
The central bank is leaning dovish as U.S. tariffs threaten economic growth.
U.S. President Donald Trump (left) speaks with Prime Minister Shigeru Ishiba at the Group of Seven summit in Kananaskis, Alberta, Canada, on Monday.
JAPAN / Politics
Jun 17, 2025
No breakthrough on tariffs at Ishiba-Trump meeting in Canada
Prime Minister Shigeru Ishiba and U.S. President Donald Trump met for 30 minutes on Monday during the annual Group of Seven gathering in Alberta.
A man checks a mainboard at an assembly line to produce ventilators at a Vsmart factory outside Hanoi in 2020.
BUSINESS / Economy
Jun 16, 2025
U.S. pushes Vietnam to decouple from Chinese tech, sources say
Local firms have expressed a general willingness to adapt, but many warned that instant changes "would destroy business."
Rare earths from Australia's Mount Weld mine. Japanese companies have a supply agreement with a company that sources rare earths from the mine.
BUSINESS / Economy / FOCUS
Jun 16, 2025
Japan and the U.S. face challenges in economic security discussions
In their trade negotiations, the subject is much discussed, especially as rare earths become an issue.
A defiant U.S. President Donald Trump attend the 44th Group of Seven gathering in Charlevoix, Canada, in 2018.
WORLD / Politics
Jun 16, 2025
Trump returns to G7 he once loathed as Iran crisis intensifies
President Donald Trump arrives in Canada as the center of attention for a Group of Seven summit of world leaders whose main purpose will be to mollify him.
Prime Minister Shigeru Ishiba speaks to reporters at the Prime Minister's Office in Tokyo on Sunday ahead of his departure for a Group of Seven leaders' summit in Canada.
JAPAN / Politics
Jun 16, 2025
Ishiba arrives in Canada for G7, with Trump trade deal on his mind
The Japanese leader hopes to persuade U.S. President Donald Trump to drop trade tariffs that have imperiled his country's economy.
A man works at the site of a rare earth metals mine at Nancheng county, in China's Jiangxi province, in October 2010.
ASIA PACIFIC / Politics
Jun 15, 2025
U.S.-China trade truce leaves military-use rare earth issue unresolved
The renewed U.S.-China trade truce left a key area of export restrictions tied to national security untouched, an unresolved conflict that threatens a more comprehensive deal.
Ryosei Akazawa, Japan's economic revitalization minster, speaks to members of the media in Washington on Friday.
BUSINESS / Economy
Jun 15, 2025
Japan and U.S. trade negotiators spoke again Saturday
Japan's top tariff negotiator, Ryosei Akazawa, and U.S. Commerce Secretary Howard Lutnick spoke by phone and explored the possibility of a trade deal.
Ryosei Akazawa, Japan's top tariff negotiator, speaks to reporters in Washington on Friday.
BUSINESS / Economy
Jun 14, 2025
Japan seeks possibility of trade deal with U.S. as G7 summit looms
Japan's top tariff negotiator offered no hint whether a deal could be announced at the upcoming G7 summit in Canada.

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