Tag - trade

 
 

TRADE

The Strait of Hormuz separating Iran (top) from the United Arab Emirates and Oman (bottom) as seen from the International Space Station in 2021. More than half of the oil imported by East Asia passes through the Strait, experts estimate.
BUSINESS / Economy
Jun 24, 2025
Asian countries most vulnerable to Strait of Hormuz blockade
Japanese customs data showed 95% of crude oil imports last year came from the Middle East.
An Iranian military ship takes part in an annual drill in the coastal area of the Gulf of Oman and near the Strait of Hormuz, Iran, in this picture obtained in December 2022.
WORLD / Politics
Jun 23, 2025
China criticizes attack on Iran as U.S. asks Beijing for trade route help
Beijing "strongly” condemns the attacks on Iran, according to a four-sentence statement from the Foreign Ministry on Sunday.
An under-construction container ship sits at the Daewoo DSME shipyard in Okpo, South Korea, in December 2014.
BUSINESS / Economy / FOCUS
Jun 22, 2025
South Korea counts on shipbuilding to ease U.S. tariff woes
Already hit by sector levies on steel and car exports, Seoul is laser-focused on negotiations over a 25% country-specific tariff.
Lexus GX 550 SUV is displayed at the New York International Auto Show in New York in March last year.
BUSINESS / Companies
Jun 21, 2025
Toyota to raise U.S. auto prices by more than $200 from July
Some Toyota- and Lexus-branded models will see their prices raised by an average of $270 and $208, respectively.
Chief tariff negotiator Ryosei Akazawa has said that his U.S. counterparts are open to an extension of the July 9 deadline for countries that are making an effort toward a deal.
BUSINESS / Economy
Jun 20, 2025
Japan hopes good-faith negotiations will buy it some time in U.S. tariff talks
U.S negotiators have said that the July 9 deadline is flexible and that extensions might be granted.
About three-quarters of Japanese imported crude oil travels through the Strait of Hormuz, which Iran has threatened to close.
BUSINESS / Economy / FOCUS
Jun 20, 2025
Japan’s economy is particularly vulnerable amid Middle East conflict
The yen is not trading like a safe-haven asset following Israel's efforts to knock out Iran's nuclear program.
Economic Revitalization Minister Ryosei Akazawa deflected a question over whether Japan will seek an extension of the deadline for the across-the-board tariffs.
BUSINESS / Economy
Jun 20, 2025
Japan won’t fixate on July 9 in U.S. trade talks, says Akazawa
Tokyo's top trade negotiator deflected a question over whether Japan will seek an extension of the deadline for the across-the-board tariffs.
Norway's central bank in Oslo. The krone slid roughly 1% against the dollar and the euro after a rate cut.
BUSINESS / Economy / ANALYSIS
Jun 20, 2025
Oil, war and tariffs tear up global markets' central bank roadmap
Monetary policy uncertainty is one more headwind for markets to navigate against a backdrop of geopolitical and trade risks.
Japan’s trade surplus with the U.S. last year stood at ¥8.6 trillion ($59.3 billion). Roughly 82% of the gap was due to Japan’s surplus in cars and auto parts.
BUSINESS / Economy
Jun 19, 2025
U.S. focus on auto trade gap is sticking point for Japan deal
Prime Minister Shigeru Ishiba briefed CDP leader Yoshihiko Noda and others about the latest developments in the bilateral trade negotiations.
Workers pack bathroom fittings in a factory of the Taiwanese-owned LCM Group in Kunshan, China, on June 10.
ASIA PACIFIC / Politics
Jun 18, 2025
Taiwan's entrepreneurs in China feel heat from cross-strait tensions
Safety fears have led many Taiwanese manufacturers to turn to less politically sensitive locales such as Vietnam and Thailand.
Mitsubishi Motors is raising prices on some of its models, including the gasoline version of Outlander Sport sold in the U.S. market.
BUSINESS / Companies
Jun 18, 2025
Mitsubishi Motors raises U.S. prices as tariffs roil carmakers
The new prices will affect vehicles delivered after Wednesday and won’t be applied to cars currently on display in showrooms.
Exports measured by value dropped 1.7% in May from a year earlier, suggesting exporters may be absorbing the tariff shock by cutting prices, as export volume rose 1.8%.
BUSINESS / Economy
Jun 18, 2025
Japan’s export drop raises recession risks as U.S. tariffs bite
The drop in exports and the larger trade deficit add to concerns that Japan’s economy could shrink again in the second quarter.
Prime Minister Shigeru Ishiba speaks to reporters after holding talks with U.S. President Donald Trump on Monday on the sidelines of the Group of Seven leaders' summit in Kananaskis, Alberta, Canada.
BUSINESS / Economy
Jun 18, 2025
Trump calls Japan 'tough' trade negotiator and complains EU not being fair
U.S. President Donald Trump also said there was still a chance of a trade deal between Washington and Japan.
U.S. President Donald Trump walks to have a family photo taken at the Group of Seven leaders' summit in Kananaskis, Alberta, Canada, on Monday.
WORLD / Politics
Jun 17, 2025
G7 backs Israel’s ‘right to defend itself’ as Trump hastily leaves summit
In a tersely worded joint statement, the bloc labeled Iran a “principal source of regional instability.”
U.S. President Donald Trump (left) speaks with Prime Minister Shigeru Ishiba at the Group of Seven summit in Kananaskis, Alberta, Canada, on Monday.
JAPAN / Politics
Jun 17, 2025
No breakthrough on tariffs at Ishiba-Trump meeting in Canada
Prime Minister Shigeru Ishiba and U.S. President Donald Trump met for 30 minutes on Monday during the annual Group of Seven gathering in Alberta.
Researchers prepare medicine at a laboratory in Nanjing University in Nanjing, in China's Jiangsu province. China's share of global drug development is now nearly 30%.
BUSINESS / FOCUS
Jun 17, 2025
U.S. pharma bets big on China to snap up potential blockbuster drugs
Firms bet they can turn upfront payments of as little as $80 million into multibillion-dollar treatments.
A man checks a mainboard at an assembly line to produce ventilators at a Vsmart factory outside Hanoi in 2020.
BUSINESS / Economy
Jun 16, 2025
U.S. pushes Vietnam to decouple from Chinese tech, sources say
Local firms have expressed a general willingness to adapt, but many warned that instant changes "would destroy business."
Rare earths from Australia's Mount Weld mine. Japanese companies have a supply agreement with a company that sources rare earths from the mine.
BUSINESS / Economy / FOCUS
Jun 16, 2025
Japan and the U.S. face challenges in economic security discussions
In their trade negotiations, the subject is much discussed, especially as rare earths become an issue.
Leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, as well as the European Union all have something at stake at the Group of Seven Leaders’ Summit in Alberta, Canada.
WORLD / Politics
Jun 16, 2025
G7 leaders prepare for delicate dance with Trump at summit in Canada
Prime Minister Shigeru Ishiba is seeking a trade deal with Trump on the sidelines of the summit, which would be a coup ahead of elections next month.
A defiant U.S. President Donald Trump attend the 44th Group of Seven gathering in Charlevoix, Canada, in 2018.
WORLD / Politics
Jun 16, 2025
Trump returns to G7 he once loathed as Iran crisis intensifies
President Donald Trump arrives in Canada as the center of attention for a Group of Seven summit of world leaders whose main purpose will be to mollify him.

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An illustration features the Japanese signs for "ganbare" (good luck) and the Deaflympics, which will be held between Nov. 15 and 26.
A century of Deaf sport finds its moment in Tokyo