Tag - tariffs

 
 

TARIFFS

Japan’s stocks plunged after U.S. President Donald Trump slapped the nation with a 24% levy as part of tariffs on trading partners worldwide.
BUSINESS / Markets
Apr 3, 2025
Japan’s stocks slump on Trump’s 24% tariffs and stronger yen
The Topix Index fell 4% to 2,544.41 as of 9:12 a.m. Tokyo time, while the blue-chip Nikkei declined 4.1% to 34,281.76.
New vehicles parked at a pier in Yokohama on Wednesday.
BUSINESS / Companies
Apr 2, 2025
'Give me a break': Trump tariffs threaten Japan auto sector
The 5.6 million people employed directly or indirectly in the auto sector are now fearful about their future.
Japanese cars awaiting export at a port in Yokohama. The United States will start collecting new 25% import duties on cars and car parts from Thursday.
BUSINESS / Economy / FOCUS
Apr 2, 2025
Japan has some cards to play in trade war with the United States 
It could offer voluntary restraints on exports, or it could offer to buy more from the U.S. in order to reduce the trade surplus with that country.
Bank of Japan Gov. Kazuo Ueda told parliament on Wednesday that new U.S. tariffs could have a large impact on trade activities among nations, depending on their size and the area they cover.
BUSINESS / Economy
Apr 2, 2025
U.S. tariffs could have big impact on global trade, BOJ chief says
Gov. Kazuo Ueda also underlined the potential of such tariffs affecting households and business sentiment, which would go on to influence overall spending.
U.S tariffs on Vietnam would force Nike, one of several sportswear brands heavily reliant on the Southeast Asian nation as a production site, to absorb higher costs or hike its prices at a time when it is already discounting some items to clear inventory.
BUSINESS / Markets
Apr 2, 2025
U.S. tariffs on Vietnam would be a blow to Nike and other sportswear brands
Vietnam is a hub for high-tech running shoes, sportswear and outdoor apparel, with brands seeking to reduce exposure to China.
White House press secretary Karoline Leavitt holds a press briefing, as headlines from articles on U.S. President Donald Trump's tariffs are displayed, at the White House in Washington on Tuesday.
BUSINESS / Economy
Apr 2, 2025
White House says Trump to go ahead with tariffs as nervous world awaits trade war
White House spokeswoman Karoline Leavitt said reciprocal tariffs on countries that impose duties on U.S. goods would take effect immediately after Trump announces them.
American autoworkers assemble Honda Accords at the Japanese company's Marysville Auto Plant in the state of Ohio in December 2017.
COMMENTARY / Japan
Apr 1, 2025
Ford is as American as apple pie. Or is that Honda?
Trump's 25% auto tariffs will raise car prices, complicate manufacturing and prioritize outdated protectionism over industry trends like electrification and software.
U.S. President Donald Trump speaks during an executive order signing ceremony in the Oval Office of the White House on March 6.
BUSINESS / Economy
Apr 1, 2025
Trump says he will be 'kind' with tariffs as deadline looms
The U.S. president promised to be "very kind" in addressing what he says are unfair trade imbalances — including with top allies such as Japan.
The Bank of Japan's tankan survey indicates that large business are still positive on their prospects.
BUSINESS / Economy
Apr 1, 2025
Japanese businesses maintain optimism ahead of looming tariff storm
In the BOJ's latest tankan survey, the headline index for big manufacturers was 12, which indicates confidence in the business outlook.
Liberal Democratic Party policy chief Itsunori Onodera said on Tuesday that tariffs announced by the U.S. could result in a big economic crisis for Japan.
BUSINESS / Economy
Apr 1, 2025
Trump tariffs may spell economic crisis for Japan, Onodera says
Auto tariffs in particular would have a huge impact given the breadth of the sector's supply chain in the country, the Liberal Democratic Party's policy chief says.
America’s economic exceptionalism has traditionally been driven by its deep capital markets, culture of risk-taking, history of innovation and the dollar’s status as the world’s primary reserve currency.
COMMENTARY / World
Apr 1, 2025
Is this really how American exceptionalism ends?
Uncertainty around trade and the future strength of the dollar has led some big European investors to retreat from American stocks.
Empty shelves with "Buy Canadian Instead" signs are seen in the American Whiskey section of the BC Liquor in Vancouver, British Columbia, on March 10.
BUSINESS / Economy
Apr 1, 2025
As ‘Buy Canadian’ grows, more U.S. firms say retailers turning away products
A dramatic reshuffling of Canada's retail shelves illustrates the impact of patriotic consumerism in the country.
Factory output in February marked the fastest gain since March last year thanks to strong demand before the U.S. implements new tariffs on autos and auto parts.
BUSINESS / Economy
Mar 31, 2025
Japan production rises most in 11 months ahead of new U.S. tariffs
Factory output increased in February by 2.5% from January, the first advance in four months and marking the fastest gain since March last year.
Economy, Trade and Industry Minister Yoji Muto (left), South Korean Trade Industry and Energy Minister Ahn Duk-geun (center) and Chinese Commerce Minister Wang Wentao during a trilateral meeting in Seoul on Sunday
BUSINESS
Mar 30, 2025
Japan, South Korea and China vow to strengthen trade ties amid looming U.S. tariffs
The meeting came ahead of U.S. President Donald Trump’s expected announcement of a new round of tariffs on Wednesday.
Oil pipelines in Alaska. U.S. President Donald Trump wants Japan, South Korea and Taiwan to join a $44 billion natural gas export project.
BUSINESS
Mar 29, 2025
Alaska governor to brief Trump on Asia gas push as tariffs bite
Gov. Mike Dunleavy is winding up a trip through Asia where he has been seeking investors and long-term buyers.
Canadian Prime Minister Mark Carney greets colleagues after at a news conference at the Port of Montreal in Montreal on Friday.
WORLD
Mar 29, 2025
Trump and Carney talk about new deal and plan meeting after Canada election
The Canadian election campaign has turned into a contest in which U.S. threats against Canada’s economy and sovereignty have become the dominant issue.
Prime Minister Shigeru Ishiba emphasizes the need to consider measures to help Japanese companies with financing while the government tries to grasp the entire scope of the impact on the nation’s key industry.
BUSINESS / Economy
Mar 28, 2025
Ishiba pledges measures to protect jobs from Trump’s car tariffs
Ishiba emphasized the need to consider measures to help Japanese companies with financing while the government tries to grasp the entire scope of the tariffs' impact.
Tesla has been boasting this week about its U.S. credentials, saying in a post on X that its models "are the most American-made cars.”
BUSINESS / Companies
Mar 28, 2025
Musk’s Tesla one of the only winners from Trump’s car tariffs
The U.S. president insists that there’s no conflict of interest despite the Tesla chief executive’s prominent role in his administration.
While car production helped transform Germany, Italy and France after World War II, its influence in East Asia has been even more profound.
BUSINESS / Economy / ANALYSIS
Mar 28, 2025
U.S. auto tariffs take aim at pillar of East Asian economies
Automakers form the nucleus of vast networks of group companies that impact almost every facet of working life in Japan and South Korea.
U.S. President Donald Trump
BUSINESS
Mar 27, 2025
China, Japan and South Korea to meet as Trump tariffs take shape
South Korea’s Industry Minister Ahn Duk-geun will host the meeting with Japan’s Yoji Muto and China’s Wang Wentao.

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