Japanese manufacturing victim to Trump fees
US President Donald Trump’s customs policies have dropped the production of Japanese factories in March due to the decline in the manufacturing sector and large group industries around the world.
The data came to meet his colleagues in the second round of customs duties, as Japan’s commercial negotiator Riyusi Akazawa went to the United States on Wednesday.
The Ministry of Finance, Commerce and Industry, showed that Japan’s industrial production had fallen 1.1 per cent in March in March compared to February, in March, which increased by 2.3 per cent, down 0.4 per cent.
Ministry manufacturers in April are expected to increase in 1.3 per cent in seasonal production in May, although it is expected to increase 3.9 per cent in May, the economy, commerce and industry official warned that it was very optimistic: “The production climate is still not confirmed.”
The ministry said in March compared to the previous month, the ministry said. Due to the decline in exports, regular passenger production declined by 4.1 percent in March, while the supply of auto parts was reduced by 23.2 % due to the disruption of auto parts.
Trump has imposed a 25 percent customs duty on car imports and trucks and announced 24 percent of all Japanese goods, but has declined to 10 percent for 90 days after this tariff.
Comprehensive American definitions have moved industrial supply chains in Japan, especially cars, the largest exported goods in the country. Japan exported 21 trillion yen ($ 147.45 billion) to the United States last year, where cars are 28 percent of the total exports.
Japanese companies are still concerned that Trump’s defensive policies can ignite Trump’s defense policies, though the government has expressed their concerns about any changes in their production plans but manufacturers have expressed their concerns about US customs duties.
On Monday, the largest Japanese Construction Machine Manufacturing firm, Kotomsu, estimated to decline 27 percent with management gains in the current fiscal year, due to the strength of the Yen and the new American customs, which exceeds $ 650 million.
Special data showed that Japanese retail sales increased 3.1 percent in March compared to the previous year, which was slightly lower than the average market estimates.
In parallel with stress, Chief Japanese commercial negotiator Riosi Akazawa on Wednesday, wanting to make steady progress in customs duties debate with the United States, as a result of customs duties, constantly in the light of the rise of Japanese car manufacturers.
“We told us that the head of the car manufacturer we spoke to him was coming to his company every hour,” Akazawa told reporters in Tokyo before going to Washington to participate in the second round.
“Under these circumstances, we should try to achieve steady and rapid progress,” he said. He believes that there is no Japanese company that has a profit in accordance with 25 percent of the fee on car exports.
