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April 26, 2025
 

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TARIFFS

Containers and cranes at the international port of Manila on Thursday.
BUSINESS
Apr 4, 2025
Philippines sees benefits as Trump tariffs hit peers harder
The Philippines is striking an optimistic tone amid global anxiety over President Donald Trump’s sweeping tariff move.
While tariffs and value-added taxes seem similar, a VAT would be a more effective, long-term solution for boosting the U.S. economy.
COMMENTARY / World
Apr 4, 2025
Europe’s VAT hurts the U.S.? Retaliate with a VAT.
Maybe misconceptions about tariffs and trade can be turned to America’s advantage.
U.S. President Donald Trump and Chinese President Xi Jinping in Osaka in 2019. With his global tariffs announcement, Trump may have undercut his own China strategy.
WORLD / Politics / ANALYSIS
Apr 4, 2025
Trump's global trade war may defeat U.S. strategic goals on China
Tariffs could cause an economic moat to form around the U.S. that ultimately undermines Washington's strategic goals on Beijing, analysts warn.
Containers stacked up at the Phnom Penh Autonomous Port in Phnom Penh on Thursday. Southeast Asian countries with a significant trade surplus with the U.S. came in for harsh treatment from Trump's stinging tariffs.
BUSINESS / Economy
Apr 4, 2025
Trump tariffs are a ‘disaster’ for world’s poorest countries
Poor nations' labor-intensive export industries face new risk in trade war.
Household outlays declined 0.5% in February from a year earlier, led by falling outlays on clothes and footwear, housing and food.
BUSINESS / Economy
Apr 4, 2025
Japan’s household spending drops for first time in three months
The drop, ahead of sweeping tariffs announced by the U.S., was led by falling outlays on clothes and footwear, housing and food.
Wall Street stocks sank in early trading on Thursday, joining a global equity selloff after U.S. President Donald Trump's latest tariff announcement exacerbated worries about a trade war.
BUSINESS / Markets
Apr 4, 2025
S&P 500 suffers worst drop since COVID as tariffs rattle traders
The S&P 500 Index sank 4.8% — its biggest drop since June 2020 — to enter a technical correction again following a brutal global rout in markets from Tokyo to London.
U.S. President Donald Trump speaks with journalists onboard Air Force One en route to Miami on Thursday.
BUSINESS
Apr 4, 2025
Trump open to tariff cuts in return for ‘phenomenal’ offers
"The tariffs give us great power to negotiate,” Trump said, adding that "every country has called us.”
U.S. President Donald Trump walks in the Rose Garden at the White House in Washington on Wednesday, the day of his remarks on tariffs.
WORLD / Politics
Apr 4, 2025
For Trump, tariff gamble brings political risk
If his promises to recast the economy don't work out, it could cause political headwinds for his party and economic pain for his constituents.
U.S. President Donald Trump unveils new U.S. tariffs at the White House in Washington on Wednesday.
BUSINESS / Economy
Apr 3, 2025
Japan promises 'bold and speedy' response to Trump’s surprise 24% tariffs
The duty rate for Japanese products is the "worst among the scenarios that had been imagined" by the market.
Suntory President Nobuhiro Torii says the company has the option of simply changing the target market if prices of Hibiki and Yamazaki become up too high for U.S. consumers.
BUSINESS / Companies
Apr 3, 2025
Suntory may shift focus to Japan, Asian markets to counter U.S. tariffs
Its president, Nobuhiro Torii, says it has the option of simply changing the target market if prices for its whiskys become too high for American consumers.
U.S. President Donald Trump delivers remarks and signs tariffs in the Rose Garden of the White House, in Washington, on Wednesday.
BUSINESS / Economy
Apr 3, 2025
With Trump’s tariffs, the chasm between allies and the U.S. widens
Trump’s plan, which he unveiled on Wednesday and is calling "reciprocal,” would impose a wave of tariffs on dozens of countries.
Trump tosses a MAGA hat to the crowd during an event in which he unveiled new tariffs in the White House on Wednesday.
BUSINESS / Economy
Apr 3, 2025
Trump unveils 10% global tariff, with Japan levy set at 24%
The higher "reciprocal” rates are based on a government tally of levies and nontariff barriers that countries impose on U.S. goods.
Containers are loaded onto a ship at the Port of Baltimore, Maryland, on Wednesday ahead of U.S. President Donald Trump's announcement of new tariffs.
BUSINESS / Economy
Apr 3, 2025
Trump tariffs pile stress on ailing world economy
They will sap yet more vigor from a world economy barely recovered from the post-pandemic inflation surge.
Japan’s stocks plunged after U.S. President Donald Trump slapped the nation with a 24% levy as part of tariffs on trading partners worldwide.
BUSINESS / Markets
Apr 3, 2025
Japan’s stocks slump on Trump’s 24% tariffs and stronger yen
The Topix Index fell 4% to 2,544.41 as of 9:12 a.m. Tokyo time, while the blue-chip Nikkei declined 4.1% to 34,281.76.
New vehicles parked at a pier in Yokohama on Wednesday.
BUSINESS / Companies
Apr 2, 2025
'Give me a break': Trump tariffs threaten Japan auto sector
The 5.6 million people employed directly or indirectly in the auto sector are now fearful about their future.
Japanese cars awaiting export at a port in Yokohama. The United States will start collecting new 25% import duties on cars and car parts from Thursday.
BUSINESS / Economy / FOCUS
Apr 2, 2025
Japan has some cards to play in trade war with the United States 
It could offer voluntary restraints on exports, or it could offer to buy more from the U.S. in order to reduce the trade surplus with that country.
Bank of Japan Gov. Kazuo Ueda told parliament on Wednesday that new U.S. tariffs could have a large impact on trade activities among nations, depending on their size and the area they cover.
BUSINESS / Economy
Apr 2, 2025
U.S. tariffs could have big impact on global trade, BOJ chief says
Gov. Kazuo Ueda also underlined the potential of such tariffs affecting households and business sentiment, which would go on to influence overall spending.
U.S tariffs on Vietnam would force Nike, one of several sportswear brands heavily reliant on the Southeast Asian nation as a production site, to absorb higher costs or hike its prices at a time when it is already discounting some items to clear inventory.
BUSINESS / Markets
Apr 2, 2025
U.S. tariffs on Vietnam would be a blow to Nike and other sportswear brands
Vietnam is a hub for high-tech running shoes, sportswear and outdoor apparel, with brands seeking to reduce exposure to China.
White House press secretary Karoline Leavitt holds a press briefing, as headlines from articles on U.S. President Donald Trump's tariffs are displayed, at the White House in Washington on Tuesday.
BUSINESS / Economy
Apr 2, 2025
White House says Trump to go ahead with tariffs as nervous world awaits trade war
White House spokeswoman Karoline Leavitt said reciprocal tariffs on countries that impose duties on U.S. goods would take effect immediately after Trump announces them.
America’s economic exceptionalism has traditionally been driven by its deep capital markets, culture of risk-taking, history of innovation and the dollar’s status as the world’s primary reserve currency.
COMMENTARY / World
Apr 1, 2025
Is this really how American exceptionalism ends?
Uncertainty around trade and the future strength of the dollar has led some big European investors to retreat from American stocks.
Naked man’s rampage in Saitama linked to one fatality and 10 injured
Police believe Daisuke Nishimura may have been involved in roughly 20 incidents in the 90 minutes leading up to his arrest, including a fatal hit-and-run and multiple assaults.
Japan set to fine cyclists on the spot for rule violations from 2026
Under new rules, those who use smartphones while riding a bicycle would be subject to the maximum fine of ¥12,000.
Japan brings forward deadline for electronic travel authorization system
Japan is planning to implement by March 2029 a new online screening system in which foreign visitors who don’t need a visa apply for a certification before entering the country.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Social media helps fuel growing 'sex tourism' in Japan
People walk down a street in the red-light entertainment area of Kabukicho in the Shinjuku district of Tokyo on March 31.
Amid uncertain tariffs, is now the time to buy a new iPhone?
An Apple store in Tokyo's Shibuya Ward in September. Prices for the newest iPhone models start at around ¥100,000 ($700) in Japan.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Japan weighs using U.S. rice imports as tariff negotiation tool with Trump
A restaurant owner pours California-grown Calrose rice into a rice cooker at his restaurant in Tokyo
Is Japan’s parliament ready to welcome more youth to its ranks?
Lower House lawmaker Kai Odake in his Tokyo office on Wednesday
Crow meat, goat tartare: Mauvaise Herbe raises its game
Crow meat, shaped into a ball and attached to a foot of the bird, is one of the peculiar offerings of game at Mauvaise Herbe.

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