Trump tariffs cause Japan's exports to the U.S. to plummet for the 5th month in a row

"Japan's exports to the United States plummeted 13.8% in August compared to the same month the previous year, marking the fifth straight month of declines, as auto exports were hit by President Donald Trump's tariffs.The Finance Ministry data released Wednesday showed the rate of the drop in exports to the U.S. compared to the previous year worsened from a 10.1% slip in July."

"Japan's overall exports were little changed, slipping 0.1%, as exports grew to Europe and the Middle East.The provisional data for August showed Japan's imports from the world fell 5.2% from a year ago. Imports from China grew 2.1%, while exports to China fell 0.5%. Imports from the U.S. grew 11.6%.Exports to the world grew in food, gaining 18%, as well as in ships, growing by nearly 25%. Imports grew in computers, adding nearly 35% on-year, while aircraft rose 21%."

Japan's exports to the United States fell 13.8% year-on-year in August, marking the fifth consecutive monthly decline and worsening from July's 10.1% drop. The decline was driven mainly by weaker auto exports amid elevated U.S. tariffs on Japanese automobiles and auto parts, reduced from 27.5% to 15% but still above the original 2.5%; August reflected the period with higher tariffs. Overall exports slipped 0.1% as shipments to Europe and the Middle East rose. Provisional August data show imports from the world declined 5.2% year-on-year; imports from China rose 2.1% while exports to China fell 0.5%. Food and ship exports rose strongly, while computer and aircraft imports increased markedly.

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