Japan's exports to US fall 10.1 pc on tariff hike
TOKYO: Japan’s exports to the United States fell 10.1% in July from a year earlier, marking the fourth consecutive monthly decline, the finance ministry said on Wednesday.
The steep drop was led by a sharp fall in auto shipments, reflecting the impact of US tariff measures.
Auto exports to the United States plunged 28.4%, while shipments of auto parts fell 17.4%, both hit by higher tariffs.
Japan’s overall exports fell 2.6% to 9.36 trillion yen (about $6.31 million), declining for the third straight month. Imports dropped 7.5% to 9.48 trillion yen, reflecting lower crude oil, coal and LNG costs amid falling global energy prices and a stronger yen.
The country’s trade balance posted a deficit of 117.5 billion yen last month, the first in two months, the data showed.
By RSS/Xinhua
