Tag - trade

 
 

TRADE

The United States was the biggest food export destination for Japan, with shipments totaling ¥242.9 billion, up 17.8%, helped by efforts to diversify scallop export markets following China's fishery import ban.
BUSINESS / Economy
Feb 5, 2025
Japan's food exports hit record high for 12th straight year
The United States was the biggest food export destination for Japan.
U.S. President Donald Trump's imposed and since paused tariffs on Canada and Mexico, coupled with his broad levies on China — and possibly others soon — pose risks of economic retaliation, supply chain disruptions and long-term damage to U.S. influence.
COMMENTARY / World
Feb 5, 2025
The tariff man is making a risky bet
The optimal tariff argument ignores the substantial risks that Trump is taking. A generalized trade war will make everyone worse off.
A ship transits through the Gatun locks at the Panama Canal in Colon, Panama, on Saturday.
WORLD / Politics
Feb 5, 2025
Panama considers canceling port deal with Hong Kong firm
Such a move would mark a concession to U.S. President Donald Trump, who says China has too much control over the Panama Canal.
Cargo containers await loading onto ships at the port of Tianjin, China, on Tuesday.
BUSINESS / Economy
Feb 5, 2025
Xi’s careful reply to Trump tariffs shows China has more to lose
The shift reflects both Xi’s success at diversifying imports away from the U.S. since Trump’s first term, as well as China’s more precarious economic situation.
While it's unclear whether U.S. President Donald Trump will follow through with his promised 25% levies on Mexico and Canada after agreeing to a 30-day pause on Monday, the blowback would be profound for Nissan.
BUSINESS / Companies / ANALYSIS
Feb 4, 2025
Trump tariffs will only add to the pain for hard-hit Nissan
The blowback from potential tariffs on Mexico and Canada would be profound for Japan's No.3 carmaker, which is struggling to turn itself around.
Russian demand for Japanese grand pianos is always very high, a dealer has said.
BUSINESS / Economy
Feb 4, 2025
Smuggled grand pianos show Trump’s challenge in pressuring Putin
High-end Japanese pianos still make their way to Russia despite export ban, highlighting Tokyo's struggle to enforce sanctions.
China said on Tuesday it would impose tariffs on imports of U.S. energy, vehicles and equipment, firing a return salvo in an escalating trade war between the world's two biggest economies.
BUSINESS / Economy / EXPLAINER
Feb 4, 2025
Where things stand in China-U.S. trade tensions
China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts.
The Yangshan Deepwater Port in Shanghai on Jan. 20. China's Finance Ministry said it would impose levies of 15% for U.S. coal and LNG and 10% for crude oil, farm equipment and some autos.
BUSINESS / Economy
Feb 4, 2025
China hits back with tariffs on U.S. goods after Trump imposes new levies
Trump on Monday suspended his threat of 25% tariffs on Mexico and Canada at the last minute, but there was no such reprieve for China.
U.S. President Donald Trump signs an executive order during a ceremony in the Oval Office of the White House in Washington on Monday.
BUSINESS / Economy
Feb 4, 2025
Trump's tariff reversal shows how he's wielding bombast on trade
The U.S. leader has pledged to remake the global economy with tariffs. So far, it’s been more Art of the Deal than a revolution.
U.S. President Donald Trump and Indian Prime Minister Narendra Modi in 2020
BUSINESS
Feb 4, 2025
Modi’s Trump strategy sees quick concessions to avoid trade war
Trump has repeatedly singled out India and its high trade barriers, and has pledged reciprocal duties on the South Asian country.
A Canadian flag is displayed in the stands during the Canadian national anthem prior to the start of a game between the Senators and the Wild in Ottawa on Saturday.
MORE SPORTS
Feb 3, 2025
Canadian sports fans boo U.S. anthem amid anger over Trump tariffs
The incidents appear to be linked to Trump's decision on Saturday to impose broad tariffs on Canada, Mexico and China, citing a "major threat" from illegal immigration and drugs.
The 225-issue Nikkei stock average loses more than 1,000 points Monday ahead of steep U.S. tariffs taking effect on imports from Mexico and Canada.
BUSINESS / Markets
Feb 3, 2025
Nikkei sheds over 1,000 points as markets react to Trump's tariffs
The trend among investors in Tokyo is to lower risks by reducing their holdings and selling futures for now, a Japanese brokerage house official said.
Vehicles parked at a General Motors complex in Silao, Guanajuato state, Mexico
BUSINESS / Economy
Feb 3, 2025
Car prices face $3,000 increase in U.S. as tariffs hit auto sector
The tariffs are set to take effect at 12:01 a.m. on Tuesday, giving manufacturers less than 48 hours to figure out what to do.
U.S. Secretary of State Marco Rubio addresses employees and families during a meet-and-greet at the United States Embassy in Panama City, on Sunday.
WORLD / Politics
Feb 3, 2025
Rubio tells Panama to end China's influence of canal or face U.S. action
Panama's President Jose Raul Mulino signaled he would review agreements involving China and Chinese businesses.
A sign that reads ''Buy Canadian Instead'' is displayed after the top five U.S. liquor brands were removed from sale at B.C. Liquor Stores, as part of a response to U.S. President Donald Trump's 25% tariffs on Canadian goods, in Vancouver, British Columbia, on Sunday.
BUSINESS / Economy
Feb 3, 2025
Trump says Americans could feel 'pain' in trade war with Mexico, Canada and China
Wall Street and Washington's largest trading partners signaled hope that the trade war would not last long.
Canada's Prime Minister Justin Trudeau looks on during a press conference while responding to U.S. President Donald Trump's orders to impose 25% tariffs on Canadian imports, in Ottawa, Ontario, Canada, on Saturday.
BUSINESS / Economy
Feb 3, 2025
Trump’s ‘tariff thrashing’ spurs crisis response from Canada
The U.S. tariffs are expected to create job losses in Canada and may even cause it to tip into a recession if they last for a number of months.
A container ship at Lianyungang Port in China on Wednesday
BUSINESS / Economy
Feb 2, 2025
China vows measures against U.S. tariffs and threatens WTO action
While the 10% levy falls short of Trump's earlier threats, the tariffs target a nation already battling a grinding slowdown.
Canadian Prime Minister Justin Trudeau speaks during a news conference as Ottawa responded to U.S. President Donald Trump's order to impose tariffs on Canadian imports, in Ottawa on Saturday.
BUSINESS / Economy
Feb 2, 2025
‘Complete betrayal’: Canada reels as Trump tariffs rattle major trading relationship
Prime Minister Justin Trudeau, speaking on a bitterly cold night in Ottawa, said Trump’s move left his government with no choice but to respond forcefully.
Chevy and GMC pickup trucks at a General Motors facility in Silao, Mexico, in 2022. The automaker produces more vehicles in Mexico than any other American manufacturer.
BUSINESS / Economy
Feb 2, 2025
Trump stretches trade law boundaries with tariffs
Experts say the 1977 International Emergency Economic Powers Act (IEEPA) is untested for Trump's actions and will likely face swift court challenges.
Supply ships that service the offshore oil rigs on Canada's east coast load cargo in in St. John's, Newfoundland, on Saturday.
BUSINESS / Economy
Feb 2, 2025
To Trump, tariffs are not a means but an end
What makes U.S. President Donald Trump’s move against Mexico, Canada and China different compared with past uses of tariffs is that he seems uninterested in pursuing deals.

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Professional cleaner Hirofumi Sakurai takes a moment to appreciate some photographs in a Gotanda apartment whose occupant died alone.
The last cleanup: Life and death in a lonely Japan