The Japan Times reports on Japan's response to former U.S. President Donald Trump's proposal to impose a 60% tariff on all Chinese goods and 10% on goods from other countries, including Japan, if re-elected. Japanese officials expressed concern, warning that such tariffs could harm the global economy and supply chains. They emphasized the importance of free trade and said Japan would monitor developments closely while coordinating with allies to respond appropriately. Japanese businesses are also worried about potential impacts on exports and international trade stability.
https://www.japantimes.co.jp/business/2025/04/03/economy/trump-tariff-japan-response/
3 comments:
Japan’s concern is completely understandable. More importantly, these tariffs could strain relationships between major trading partners, making cooperation on broader global challenges even harder.
I read that China already had a 34% tariff on our goods and increased it to 84%. Does Japan have tariffs on our goods already? If so how much would they increase to as a response?
Japan currently imposes tariffs on certain U.S. goods, but the rates vary by product category. The average tariff rate is about 4.3% and 15.5% with agricultural products. Japan hasn't announced any specific retaliatory tariff increases on U.S. goods so far.
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