"Japan's exports to the United States plummeted 13.8% in August compared to the same month the previous year, marking the fifth straight month of declines, as auto exports were hit by President Donald Trump's tariffs. The Finance Ministry data released Wednesday showed the rate of the drop in exports to the U.S. compared to the previous year worsened from a 10.1% slip in July."
"U.S. tariffs on Japanese automobiles and auto parts decreased from 27.5%, the amount Trump initially levied, to 15% this week, but that's still higher than the original 2.5%. Wednesday's data reflect the month of August, when the tariffs were higher. Japan's overall exports were little changed, slipping 0.1%, as exports grew to Europe and the Middle East. The provisional data for August showed Japan's imports from the world fell 5.2% from a year ago."
Japan's exports to the United States fell 13.8% year-on-year in August, marking a fifth consecutive monthly decline driven largely by weaker auto exports amid higher U.S. tariffs. U.S. tariffs on Japanese automobiles and auto parts were reduced from 27.5% to 15% but remained above the original 2.5%; the August data reflect the period when tariffs were higher. Overall exports slipped 0.1% as shipments to Europe and the Middle East rose. Provisional August data show imports from the world fell 5.2%, with imports from China up 2.1% and imports from the U.S. up 11.6%. Exports grew in food (18%) and ships (nearly 25%), while imports rose strongly in computers (nearly 35%) and aircraft (21%).
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