Japan incurs goods trade deficit in May amid U.S.-China tensions
Japan's goods trade balance logged its first deficit in four months in May on sluggish exports to China amid Beijing's economic friction with the United States, government data showed Wednesday. The deficit stood at ¥967.1 billion ($8.9 billion) with exports dropping 7.8 percent from a ...
Trade row deepens as China announces retaliatory tariffs on $60 billion of U.S. products
Deepening a trade battle and sending financial markets spinning, China announced Monday it was raising tariffs on $60 billion of U.S. goods in retaliation for the latest hike in U.S. tariffs on its exports. The Finance Ministry said Monday the new penalty duties of 5 ...
U.S. Agriculture Secretary Sonny Perdue seeking 'very quick' deal on tariff reductions with Japan
U.S. Agriculture Secretary Sonny Perdue said Thursday he was seeking a "very quick agreement" with Japan on tariff cuts for agricultural goods as part of efforts to reach a bilateral trade deal. "I hope we can come to a very quick agreement with Japan over ...
Japan's pork, wine and cheese imports from Europe surging under free trade agreement
Japan's imports of pork, wine and cheese from the European Union all marked double-digit growth in February from a year ago following the entry into force of a free trade deal, according to government data. Pork imports saw the largest year-on-year rise of 54 percent ...
Japan's beef imports from TPP members soar more than 50% in January from 2018
Japan's beef imports from members of a trans-Pacific free trade pact that took effect late last year soared more than 50 percent in January from a year earlier, government data showed Wednesday. Beef imports from Australia, Canada, Mexico, and New Zealand — all of whom ...
As new free trade pact comes into force, Japan and EU tout deal's benefits
Japan and the European Union on Friday celebrated the entry into force of a free trade agreement between them, with officials from both sides hopeful about the potential business and economic opportunities available in a new marketplace of over 600 million people. For Japan, the ...
Cheaper goods in store as Japan-EU free trade pact enters into force amid U.S.-China tariff war
Japan's economic partnership agreement with the European Union entered into force Friday, creating a free trade area that covers about a third of the world's economy. The pact will eliminate tariffs on most reciprocal trade, encourage business investment and ensure the protection of intellectual property ...
Showa Shell resumes oil imports from Iran after U.S. sanctions waiver
Major crude oil wholesaler Showa Shell Sekiyu K.K. has resumed imports of Iranian oil after Tokyo received a temporary waiver in November from reinstated U.S. sanctions, an industry source said Tuesday. Japan and seven other economies were granted a 180-day waiver from the oil import ...
Chinese exports in December contracted the most in two years, raising risks for global economy
China's exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world's second-largest economy in 2019 and deteriorating global demand. Adding to policymakers' worries, data on Monday also showed China posted its biggest trade surplus ...
China to restrict imports of scrap steel and aluminum from July
China will restrict imports of scrap steel and aluminum from July 1, the environment ministry said on Saturday. Scrap steel and aluminum would be moved from an unrestricted import list of solid waste products that are usable as raw materials to a restricted import list, ...
Heard on the grapevine: How the Pacific trade pact primes New Zealand wine for Japanese market
From sleepy New Zealand hillsides to sleek Tokyo dining scenes, a bottle of Hawke's Bay wine shipped to Japan traces an arc that exporters like Nigel Avery see as an avenue for multimillion dollar growth built on a free trade pact. Avery's Sileni Estates hopes ...
The Finance Ministry has decided to cut import tariffs on whey, a basic ingredient of liquid baby formula, in April next year, sources with knowledge of the matter said Wednesday. The move comes after the health ministry lifted a ban on domestic production and sales ...
