Reported about 20 hours ago
Japan's exports to the U.S. fell nearly 2% in April due to tariff increases imposed by President Donald Trump. The overall global export growth slowed to 2%, resulting in a trade deficit of 115.8 billion yen ($804 million), the first in three months. Imports from the U.S. also dropped by over 11%, adding pressure to Japan's economy, which is recovering from a recent contraction. While trade with the U.S. suffers, Japan's exports to Southeast Asia are on the rise.
Source: YAHOO