December 24, 2024

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Trump tariffs

Masato Kanda, former vice finance minister for international affairs, will start his role as Asian Development Bank's president in February.

BUSINESS / Economy

Incoming ADB chief Kanda keeping eye on U.S. policy as Trump return looms

By Erica Yokoyama and Takashi Umekawa

Any changes in tariffs, taxes and immigration restrictions in the U.S. could have a major impact on Japan and other Asian economies, he notes.

The United States was Japan’s biggest export destination in 2023 with cars and auto parts making up a third of shipments.

JAPAN / Politics

Japan eyes talks with Trump that include cutting auto tariffs

By Yoshiaki Nohara

Analysts say close personal ties between Trump and late Prime Minister Shinzo Abe played a role in smoothing out trade and diplomatic relations.

Refining sources in Asia and analysts have said they expect to see more Canadian and Mexican oil heading to Asia if U.S. President-elect Donald Trump imposes planned tariffs.

BUSINESS / Markets

Asia likely to benefit from cheaper Canadian and Mexican oil if Trump imposes tariffs

By Florence Tan, Siyi Liu and Robert Harvey

Two sources familiar with Trump's plan say that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico.

Then-U.S. President Donald Trump attends the Group of 20 summit in Osaka in June 2019.

EDITORIALS

Japan should prepare for tariff-loving Trump

U.S. President-elect Donald Trump's focus on tariffs as a core economic strategy could disrupt global trade.

U.S. President Donald Trump holds a bilateral meeting with then-Prime Minister Shinzo Abe on the sidelines of the United Nations General Assembly in New York in September 2019. Tokyo may be forced to balance its priorities in the U.S. alliance with its economic reliance on China.

COMMENTARY / Japan

Trump's return heralds a new era of trade tensions for Japan

Sam Baron

Tokyo faces a balancing act: aligning with Washington's priorities while maintaining its critical economic ties to China.

Beijing’s long-standing line has been a commitment to keep the yuan "basically stable.” But U.S. President-elect Donald Trump’s return — and his threat of tariffs — may test that.

COMMENTARY

China will send a weaker yuan to the Trump front

Daniel Moss

Beijing’s long-standing line has been a commitment to keep the yuan "basically stable.” But Trump’s return with his tariff threats may test that.

Trucks wait near the Zaragoza-Ysleta border crossing bridge to cross into the U.S., in Ciudad Juarez, Mexico, on Monday.

WORLD / Politics

Trump tariffs would harm all involved, U.S. trade partners say

Officials warn a trade war could erupt and damage economies, and seek talks with Trump after his surprise announcement of hefty tariffs on Mexico, Canada and China.

U.S. President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, on Nov. 19. Trump on Monday threatened to slap China, Mexico and Canada with hefty tariffs upon his return to the White House.

BUSINESS / Economy

Trump pledges 25% tariffs on Canada and Mexico, and more levies on China

By Jesse Johnson and Kathleen Benoza

The president-elect says he will sign executive orders to enforce the measures when he returns to the White House on Jan. 20.

Workers install a battery for a new electric vehicle model at Mitsubishi Motor's factory in Kurashiki, Okayama Prefecture.

BUSINESS

Trump tariffs may target Japanese cars, economist says

The Moody's Analytics economist warned that this poses a huge risk to the Japanese economy.

President Xi Jinping of China and President Donald Trump during a state visit in Beijing, Nov. 9, 2017

WORLD

Bracing for Trump tariffs, China's Xi makes diplomatic push at global summits

By Eduardo Baptista and Lisandra Paraguassu

While better prepared for another Trump White House, China is also more vulnerable after its economy was hit by a huge property crisis.

U.S. President-elect Donald Trump on the campaign trail pledged that he would make it costly for countries to move away from the U.S. dollar. And he’s threatened to use tariffs to ensure they complied.

BUSINESS

Trump demands ‘commitment’ from BRICS nations on using dollar

Backlash against the dollar’s dominance gained traction in 2022 when the U.S. led efforts to impose economic sanctions on Russia.

"In order to secure quality talent, we have to raise wages above inflation," Daiwa Securities CEO Akihiko Ogino has said.

Daiwa aims to raise wages at least 5% next year amid competition for talent

The Tokyo Stock Exchange Growth Market 250 Index is down about 11% so far this year and set for its fourth yearly loss.

Japan startups set for longest rout on record as rate hike looms

"In order to secure quality talent, we have to raise wages above inflation," Daiwa Securities CEO Akihiko Ogino has said.

Daiwa aims to raise wages at least 5% next year amid competition for talent

The Tokyo Stock Exchange Growth Market 250 Index is down about 11% so far this year and set for its fourth yearly loss.

Japan startups set for longest rout on record as rate hike looms

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