Japanese expert: U.S. imposition of high tariffs will severely impact Japan's economy
Internet reports that U.S. President Trump said he would impose a 25% tariff on imports from Japan starting from August 1. Hidetoshi Tandro, chief economist of Japan Unlimited Contract Corporation, said: Once the 25% tariff is widely applied to other categories of goods, it will pose a fatal blow to manufacturers in almost all industrial fields in Japan. In fact, this impact has begun to appear. At present, many small and medium-sized enterprises that produce parts and components for large enterprises have cut off orders, and the problem is no longer "may happen" but "is happening." This will cause a devastating blow to Japan's overall economy. Recently, the May Business Trend Index released by the Cabinet Office of Japan showed that the overall assessment of the economic situation turned "worse" for the first time since July 2020, indicating that the Japanese economy is highly likely to be in recession. (Jin Shi)
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