Diamond Member Pelican Press 0 Posted May 21, 2025 Diamond Member Share Posted May 21, 2025 This is the hidden content, please Sign In or Sign Up Japan exports growth slows for a second straight month as U.S. tariffs bite Vehicles awaiting shipment are parked at a port on March 27, 2025 in Yokohama, Japan. U.S. Tomohiro Ohsumi | Getty Images Japan exports slowed for a second straight month, government data showed Wednesday, as the country reels under U.S. President Donald Trump’s sweeping tariffs. Exports growth of 2% was in line with Reuters-polled analysts’ estimates, its slowest since October last year and the worst showing since September when exports contracted 1.7%. The country’s imports shrank 2.2% from a year ago, less than estimates of a 4.5% decline. Japan’s real gross domestic product contracted This is the hidden content, please Sign In or Sign Up in the first quarter this year, preliminary government data showed, dragged down by stagnant private consumption and slowing export growth. The country is among the hardest-hit by Trump’s imposition of 25% tariffs on auto imports, effective April 3, and 25% levies on steel and aluminum that took effect in March. Automobiles are Japan’s top export to the U.S., accounting for 28.3% of all shipments in 2024, This is the hidden content, please Sign In or Sign Up This is breaking news. Please refresh for updates. This is the hidden content, please Sign In or Sign Up #Japan #exports #growth #slows #straight #month #U.S #tariffs #bite This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/254994-japan-exports-growth-slows-for-a-second-straight-month-as-us-tariffs-bite/ Share on other sites More sharing options...
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