Japanese exports fell for the first time in eight months in May, with auto firms taking a significant hit from Trump tariffs, as reported on June 18, 2025. Japanese auto exports to the U.S. slumped by 24.7% last month.
This substantial decline in exports directly quantifies the negative impact of the U.S. tariffs on the Japanese automotive industry, including major players like Toyota. Shipments of auto parts also experienced a massive reduction.
The figures underscore the financial pressure and disruption to established trade flows caused by the trade war. This situation adds to the challenges for Japan's economy, which has already seen growth affected by subdued private consumption.
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