Reported 8 months ago
According to a Reuters survey conducted by the Nikkei Research Company, over 60% of Japanese companies believe that their government does not need to follow the United States in imposing higher tariffs on Chinese products as they see no impact from China's overcapacity phenomenon on their businesses. The survey, which took place from June 5th to June 14th, revealed that about 53% of respondents think China's overcapacity has little to no effect on their operations, with concerns that implementing tariffs on Chinese products could lead to retaliatory measures and worsen the overall economy. The tariffs were imposed by the US, EU, and Canada on Chinese imports such as electric vehicles, batteries, and semiconductors, with Japan also expressing worry over China's non-market practices affecting fair competition.
Source: YAHOO