Japan’s Exports Decline Amid US Tariffs, Signaling Economic Strain

Japan’s exports saw a dramatic decline in July, dropping at the fastest pace since 2021 as tariffs imposed by the US weighed heavily on the nation’s auto industry. This marked the third consecutive monthly drop, raising concerns about the country’s trade-reliant economy. Data released Wednesday showed that total exports fell 2.6% compared to last year, a significant slide attributed to steep declines in car and auto part shipments to the US, according to analysts. While export volumes remained relatively steady, a potential price hike is anticipated as firms try to offset rising costs.