Japan’s exports fell 2.6% to ¥9.36 trillion yen (US$63.37B) in July, the steepest pace in over 4-years, as exports to its biggest market, the US, plunged 10.1%, media report, noting the US raised tariffs on Japan’s top export to the US, motor vehicles, by 25 percentage points to 27.5% in April, and auto parts tariffs started in May. Japan auto parts exports to the US in July fell 17.4%, semiconductor manufacturing equipment fell 31.3%. #tariffs #Japan #semiconductors
Source: Dan Nystedt
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