Tag - tariffs

 
 

TARIFFS

Four Japanese automakers reported selling more new vehicles in the U.S. in April, driven by last-minute demand amid concerns car prices might rise due to additional tariffs.
BUSINESS / Companies
May 2, 2025
Four Japan automakers see higher U.S. sales on last-minute demand
Toyota, Honda Motor, Mazda Motor and Subaru all saw their sales rise in April.
U.S. Commerce Secretary Howard Lutnick (far left), U.S. Treasury Secretary Scott Bessent (left) and Ryosei Akazawa, Japan's chief tariff negotiator. The second round of tariff negotiations between Japan and the United States were held on Thursday in Washington.
BUSINESS / Economy
May 2, 2025
Second round of U.S.-Japan tariff talks ends inconclusively in Washington
Neither foreign exchange rates nor defense spending were discussed, said Ryosei Akazawa, Japan's chief tariff negotiator.
The Bank of Japan signals rate-hike uncertainty and slashes growth forecasts amid rising trade and inflation concerns, as the central bank's earlier optimism is upended by U.S. President Trump's tariff moves.
COMMENTARY / Japan
May 2, 2025
Bank of Japan will struggle to justify hikes after this
Few anticipated how dovish the BOJ would sound on the future direction of rates or how gloomy it would be on the near-term prospects for achieving the inflation goal.
Donald Trump’s trade war and the dollar’s volatility are prompting Asia’s wealthy to reassess where they park their money, with Hong Kong and Singapore competing for capital as the U.S. loses its appeal as a financial haven.
COMMENTARY / World
May 2, 2025
Trump’s trade war shakes dollar’s haven status and opens door for Asian financial hubs
Trump’s trade policies, even if substantially reversed, have sent a loud message to the Asian affluent classes.
While the results were better than analysts had expected, investors are focused on how tariff concerns will play out in the coming quarter.
BUSINESS / Companies
May 2, 2025
Tim Cook says unchanged U.S. tariffs could dent Apple’s next-quarter margins
Apple Q2 beats expectations but warns that unchanged tariffs could cost the company $900 million and requires drastic supply-chain realignment.
Ryosei Akazawa, Japan's chief tariff negotiator, arrives in Washington on Wednesday for talks with U.S. officials.
BUSINESS
May 1, 2025
EV charging format to be discussed in Japan-U.S. tariff talks
The U.S. side has taken issue with Japan's subsidies for developing CHAdeMO stations, but not for foreign designs such as those of U.S. electric vehicle maker Tesla.
U.S. President Donald Trump (center), Secretary of State Marco Rubio (left) and Secretary of Defense Pete Hegseth attend a Cabinet meeting at the White House in Washington on Wednesday.
WORLD / Politics
May 1, 2025
Trump's Cabinet shrugs off economic contraction, at odds with pledges
Figures show U.S. gross domestic product contracted at an annual rate of 0.3 percent in the first quarter.
U.S. President Donald Trump during a cabinet meeting at the White House in Washington on Wednesday.
WORLD / Politics
May 1, 2025
Trump says tariffs politically risky, but he’s not rushing deals
Trump said there was a significant political risk to his efforts, but added that he remained determined to push on.
The Bank of Japan has been signaling caution in the face of uncertainty.
BUSINESS / Economy
May 1, 2025
Bank of Japan holds rates as expected but surprises with growth forecast cut
The policy board made no adjustment to the short-term policy rate, currently 0.5%, at a two-day meeting that concluded Thursday.
U.S President Donald Trump meets with economic revitalization minister Ryosei Akazawa at the White House during Akazawa's first trip to the U.S. to discuss tariffs.
BUSINESS / Economy
Apr 30, 2025
Akazawa heads to Washington as Japanese automakers 'losing $1 million an hour' 
Speaking to reporters at Haneda Airport in Tokyo, Japan’s chief trade negotiator remained polite but firm as he suggested that the pressure is on.
Amazon packages at a distribution center in Washington
BUSINESS / Companies
Apr 30, 2025
Amazon denies tariff label pivot after Trump called to complain
The administration’s broadsides against Amazon on Tuesday highlighted the potential political risk for companies if they decide to break out the cost of tariffs for customers.
Japan’s carmakers are being pushed to combine their resources in an environment roiled by tariffs, as well as to counter Chinese auto firms’ rapid expansion.
BUSINESS / Companies
Apr 30, 2025
Japan's carmakers face consolidation amid tariffs and China's rise, says hedge fund
Man Group’s Stephen Harget thinks the phenomenon could be Japan-specific as automakers in other regions have already been through such a cycle.
Prime Minister Shigaru Ishiba and CDP head Yoshihiko Noda at a parliamentary session in Tokyo on April 23.
JAPAN / Politics
Apr 30, 2025
Ishiba hears advice from across the aisle on how Japan should handle Trump
A shared sense of national crisis and a desire to appeal to voters ahead of the July Upper House elections is pushing opposition parties to speak up.
Chinese President Xi Jinping and Kenyan President William Ruto attend a welcome ceremony at The Great Hall of The People on April 24 in Beijing.
WORLD / Politics
Apr 30, 2025
Xi is trying to turn world against U.S. as Trump cuts deals
Chinese officials are racing to turn foreign governments against the U.S.
Industrial production dropped 1.1% in March compared with the previous month, according to the industry ministry.
BUSINESS / Companies
Apr 30, 2025
Japan's factory output falls in sign of frailty before tariffs
Industrial production dropped 1.1% in March compared with the previous month, the industry ministry reported Wednesday. Economists had forecast a 0.4% drop.
Canada's Prime Minister Mark Carney speaks to the media upon arriving at his office on Parliament Hill on Tuesday in Ottawa. Carney pledged Tuesday to beat the United States in Donald Trump's trade war after winning Canada's election and leading his Liberal Party to another term in power.
WORLD / Politics
Apr 30, 2025
Carney’s plan to manage Trump: Keep calm, find new friends
Carney assured anxious voters that the country could not just survive the trade war — but win it.
U.S. President Donald Trump at his 100th day rally in Michigan on Tuesday
WORLD / Politics
Apr 30, 2025
Trump bashes Powell and touts tariffs at rally marking 100 days
The president’s denunciation came even though earlier this month he said he did not plan to fire the central bank chief.
U.S. Secretary of Commerce Howard Lutnick listens to U.S. President Donald Trump speak during an event to sign executive orders in the Oval Office of the White House in Washington on April 23.
BUSINESS / Markets
Apr 30, 2025
Trump eases auto tariff burden as Lutnick touts foreign trade deal
A group representing Toyota, Volkswagen, Hyundai and nine other foreign automakers said Trump's order provided some relief but that "more must be done."
Chinese Foreign Minister Wang Yi attends the BRICS Meeting of Ministers of Foreign Affairs in Rio de Janeiro on Monday.
WORLD / Politics
Apr 29, 2025
At BRICS meeting, China vows to stand firm against ‘bully’ Trump
On Tuesday, China’s Foreign Minister warned BRICS nations not to cave to U.S. tariffs, urging resistance to pressure amid growing trade tensions.
Canadian Prime Minister Mark Carney waves to supporters at a victory party in Ottawa on Tuesday.
WORLD / Politics
Apr 29, 2025
Carney's Liberals win Canada election defined by Trump
Following a campaign dominated by Trump's tariffs and annexation threats, Carney promised to chart "a new path forward."

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