Tag - tariffs

 
 

TARIFFS

Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
BUSINESS / Economy / FOCUS
Apr 28, 2025
Counting the reasons why there are so few American cars in Japan
One reason is size, with American cars tending to be larger and not generally suited for driving in busy cities with many narrow roads, such as Tokyo.
A Wall Street sign near the New York Stock Exchange on April 21
BUSINESS / Economy
Apr 28, 2025
Trump promised a markets boom. 100 days in, stocks have only seen damage.
The S&P 500 Index is down about 8% since his inauguration and on track for its worst run during a president’s first 100 days since Gerald Ford.
Digital screens at Piccadilly Circus display an advertisement for the Jaguar Type 00 concept car in London on Dec. 5, 2024.
BUSINESS / Economy
Apr 28, 2025
Advertising giants brace for tariff-induced cuts to ad spending
The car industry, one of the sectors most vulnerable to a trade war, is likely to lead the way in curtailing ad spend.
A person wears a sign with Hungarian Prime Minister Viktor Orban and U.S. President Donald Trump on it, at an inauguration party held outside the U.S. embassy in Budapest on Jan. 20.
WORLD / Politics
Apr 28, 2025
'Trump tornado' leaves Hungary’s Orban and other far-right leaders reeling
Far-right leaders must now calculate whether unflinching support for Trump will damage their domestic popularity at a time of growing economic pain.
Bank of Japan Gov. Kazuo Ueda. The BOJ is getting into a tough spot between high inflation and a likely economic slowdown.
BUSINESS / Economy
Apr 28, 2025
BOJ to hit pause on rate-hike path as economic risks mount
Gov. Kazuo Ueda’s board is poised to keep the benchmark rate at 0.5% at the conclusion of the two-day gathering on Thursday, according to all 54 economists surveyed.
The Bank of Japan will release its quarterly report on the Japanese economy and prices at its two-day policy meeting from Wednesday.
BUSINESS / Economy
Apr 27, 2025
BOJ may lower economic and price forecasts
Amid Trump's global trade war, the central bank is also likely to keep its monetary policy unchanged.
Resona Bank officials attend a ceremony in Los Angeles on Friday to open its first U.S. office in 21 years.
BUSINESS / Companies
Apr 27, 2025
Resona Bank sets up U.S. office for first time in 21 years
The move reflects the bank's aim to enhance business support for some 1,200 client companies operating in the United States.
As Japan gears up for the trade talks, Prime Minister Shigeru Ishiba is also seeking to cushion the blow that the U.S. tariffs may have on the domestic economy.
BUSINESS / Economy
Apr 26, 2025
Japan to resist Trump efforts to form trade bloc against China
Any demands from Washington on Tokyo to downgrade its economic relationship with China would potentially deal Japan a major economic blow.
U.S President Donald Trump meets with Japan's Ryosei Akazawa, who is in charge of trade negotiations with Washington, in the Oval Office of the White House in Washington on April 16.
BUSINESS / Economy / ANALYSIS
Apr 26, 2025
Japan is a test case for Trump's tariff deals. But talks may be tortuous.
While some expect an agreement at the June G7 summit in Canada in June, others say it will be risky for Tokyo to cede ground before Upper House elections expected in July.
Finance Minister Katsunobu Kato listens to a question during an interview at the Finance Ministry in Tokyo on April 17.
BUSINESS / Economy / ANALYSIS
Apr 26, 2025
Yen and BOJ's rate policy may remain focus in Japan-U.S. trade talks
A look at finance officials' descriptions of a recent meeting suggests currencies and the BOJ's interest rate policy may remain key factors in broader trade negotiations.
World Bank Group President Ajay Banga speaks during an interview at the IMF-World Bank Group spring meetings at IMF headquarters in Washington on Friday.
BUSINESS / Economy
Apr 26, 2025
Developing countries should fast-track U.S. trade deals, World Bank chief says
"You need to negotiate trade systems with the U.S. at the earliest possible (opportunity)," Ajay Banga said. "If you delay, it hurts everyone."
U.S. President Donald Trump, accompanied by first lady Melania Trump, stops to speak to reporters as he leaves the White House on Friday morning.
BUSINESS / Economy
Apr 26, 2025
Conflicting U.S.-China talks statements add to global trade confusion
U.S. President Donald Trump has asserted that tariff negotiations were underway with China, but Beijing has denied this is the case.
U.S. President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on Thursday.
BUSINESS / Economy
Apr 26, 2025
U.S. officials adopt ‘organized’ framework to handle trade talks
Under the blueprint, U.S. negotiators will use a template that lays out common areas of concern to help guide the discussions.
Prime Minister Shigeru Ishiba speaks about U.S. tariffs in Tokyo last week.
BUSINESS / Economy
Apr 25, 2025
Japan doubles down on stimulus to counter effects of Trump tariffs
The government will implement measures that build on ones announced earlier with the aim of boosting domestic spending and shoring up corporate balance sheets.
Amid U.S.-China trade tensions, the U.S. may be looking at Japan as a potential country to make up for a drop in corn exports to China.
BUSINESS / Economy
Apr 25, 2025
Japan looks to increase U.S. corn imports ahead of more tariff talks
The idea appears to be aimed at appeasing U.S. President Donald Trump's criticisms about Japan's tariffs and could be used as leverage in next week's bilateral negotiations.
Economic Revitalization Minister Ryosei Akazawa is leading Japan's negotiations to forge a trade deal with the U.S. Carefully contemplated and measured retaliatory levies are one of the tools at the tariff czar's disposal.
COMMENTARY / Japan / Geoeconomic Briefing
Apr 25, 2025
Japan needs clarity as an antidote to contradictory tariffs
With incompatible goals and an erratic timeline, Trump's tariff strategy has more holes than Swiss cheese. In response, Japan should bring a strong, coherent strategy to the table.
Consumer prices excluding fresh food in Tokyo gained 3.4% in April from a year earlier, as a mixture of impacts from last year’s school fee cuts and higher food and energy costs accelerated inflation, according to the internal affairs ministry.
BUSINESS / Economy
Apr 25, 2025
Tokyo prices rise most in two years, backing central bank's hike path
Consumer prices excluding fresh food gained 3.4% in April from a year earlier. Tokyo's figures are a leading indicator for national price gains.
Finance Minister Katsunobu Kato met with U.S. Treasury Secretary Scott Bessent in Washington on Thursday.
BUSINESS / Economy
Apr 25, 2025
No discussion of yen target, Kato says after Bessent meeting
The two countries possibly committing to a specific number in terms of the yen-dollar exchange rate has helped drive up the value of the Japanese currency.
Without a coordinated international response to U.S. President Donald Trump's tariffs, growing uncertainty could lead to a fragmented global economy marked by slower growth and chronic instability.
COMMENTARY / World
Apr 25, 2025
Trump’s tariff chaos could reverse 80 years of economic progress
U.S. President Donald Trump’s trade policies are undermining the rules-based system established after World War II.
Shipping containers at a port in Pyeongtaek, South Korea, on April 15
ASIA PACIFIC / Politics
Apr 25, 2025
South Korea and U.S. aim for package of deals before tariff pause ends in July
The U.S. and South Korea had a "very successful" meeting on Thursday, U.S. Treasury Secretary Scott Bessent said afterwards.

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