Trump tariffs could have a significant impact on Japanese exports

Japanese exporters could be hit by higher U.S. tariffs. | REUTERS

by ELIZABETH BEATTIE
November 11, 2024

Donald Trump’s presidency could be a big problem for Japan, analysts argue.

Trump, who will assume office on Jan. 20, has made it abundantly clear that he likes tariffs. He has promised 10% to 20% duties on all goods coming into the United States, and 60% on Chinese imports.

Naoko Funatsu, a research fellow at The Japan Institute of International Affairs, said a trade policy that imposes high tariffs will be a blow to Japan's auto industry.