Japan, Trump and tariffs
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Bloomberg |
Banks were the heaviest drag on the Topix, which declined as much as 4.3% as investors turned risk-off following Donald Trump’s announcement of a 24% levy on Japan.
BBC |
European Commission President Ursula von der Leyen warned that the tariffs will deal a major blow to the world economy and be "dire for millions of people around the globe".
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Japan could lose $17 billion in car export potential in the U.S. following President Donald Trump's decision to introduce 25% tariffs on the automotive sector, the International Trade Centre said on Friday.
Prime Minister Shigeru Ishiba will meet Friday with opposition leaders to discuss responses to US tariffs following a report that the Japanese government is considering compiling an extra budget to fund relief measures for businesses and households.
TOKYO (Reuters) - Shares of Japanese banks plunged on Friday as U.S. President Donald Trump's tariffs sparked fears of a downturn in global growth that could choke off a fragile recovery and delay rate increases in the world's fourth-largest economy.
Asia-Pacific markets are set to extend declines, tracking steep losses on Wall Street after U.S. President Donald Trump’s tariffs rattled global markets.
Majorities of Democrats and independents — 85% and 56%, respectively — said jacking up tariffs will hurt Americans. But, Republicans were split, with a plurality, 39%, saying they will help and 29% saying they’ll hurt.
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With the recent news of Trump's tariffs on foreign countries, the prices for the PS5 and Xbox Series consoles will take an impact.
Bank of Japan Governor Kazuo Ueda said on Friday the central bank will scrutinise the impact of U.S. tariffs on the country's economy when setting monetary policy, warning the higher levies will likely weigh on global and domestic economic growth.
Nintendo is based in Japan, where President Trump imposed a 24% tariff that is set to go into effect next week. Generally, the cost of tariffs to companies is passed along to consumers, economists say. It is unclear whether Nintendo plans to increase the ...