A: Hey there! Did you catch the news?
B: Not yet, what's up?
A: It seems Japan's exports to the US dropped for the third month in a row!
B: Whoa, really? Why's that?
A: Looks like President Trump's tariffs are the culprit. The value of shipments fell 11.4% this June.
B: Wow, that's quite a drop. Was it only cars that took a hit?
A: Nope, it was especially bad in the auto sector. Exports were down 26.7%. Even though more vehicles were sent, their price dropped nearly 30%!
B: Whoa, sounds like carmakers are doing something to avoid those tariffs. What do you think they're up to?
A: They might be cutting prices or sending cheaper models, maybe?
B: That makes sense. I hope it doesn't hurt them too much. Overall, Japan's exports were around 62 billion dollars in June, just a bit less than last year.
A: Yeah, and imports went up a tiny bit, so Japan still had a small trade surplus. But for the first six months of the year, they had a deficit of over 2 trillion yen! Crazy, right?
B: Definitely. Tariffs can really take a toll. Let's hope it gets better soon!
----------------
The Japanese Finance Ministry says the country's exports to the United States fell in June for the third straight month.
That appears to be the result of tariffs imposed by the administration of President Donald Trump.
The ministry announced on Thursday the value of shipments fell 11.4 percent in yen terms from the same month last year.
The drop was particularly sharp in the auto sector. Exports were down 26.7 percent. The number of vehicles was up, but their average price was down nearly 30 percent to around 22,800 dollars.
Carmakers are believed to be cutting prices or shipping less expensive models to offset the tariffs.
Japan's overall exports stood at about 62 billion dollars in June, down half a percent from last year.
Imports ticked up 0.2 percent to about 61 billion dollars, translating into a slight trade surplus of 1.03 billion dollars.
The ministry also says Japan had a trade deficit of over 2.2 trillion yen, or nearly 15 billion dollars, for the first six months of the year.
B: Not yet, what's up?
A: It seems Japan's exports to the US dropped for the third month in a row!
B: Whoa, really? Why's that?
A: Looks like President Trump's tariffs are the culprit. The value of shipments fell 11.4% this June.
B: Wow, that's quite a drop. Was it only cars that took a hit?
A: Nope, it was especially bad in the auto sector. Exports were down 26.7%. Even though more vehicles were sent, their price dropped nearly 30%!
B: Whoa, sounds like carmakers are doing something to avoid those tariffs. What do you think they're up to?
A: They might be cutting prices or sending cheaper models, maybe?
B: That makes sense. I hope it doesn't hurt them too much. Overall, Japan's exports were around 62 billion dollars in June, just a bit less than last year.
A: Yeah, and imports went up a tiny bit, so Japan still had a small trade surplus. But for the first six months of the year, they had a deficit of over 2 trillion yen! Crazy, right?
B: Definitely. Tariffs can really take a toll. Let's hope it gets better soon!
----------------
The Japanese Finance Ministry says the country's exports to the United States fell in June for the third straight month.
That appears to be the result of tariffs imposed by the administration of President Donald Trump.
The ministry announced on Thursday the value of shipments fell 11.4 percent in yen terms from the same month last year.
The drop was particularly sharp in the auto sector. Exports were down 26.7 percent. The number of vehicles was up, but their average price was down nearly 30 percent to around 22,800 dollars.
Carmakers are believed to be cutting prices or shipping less expensive models to offset the tariffs.
Japan's overall exports stood at about 62 billion dollars in June, down half a percent from last year.
Imports ticked up 0.2 percent to about 61 billion dollars, translating into a slight trade surplus of 1.03 billion dollars.
The ministry also says Japan had a trade deficit of over 2.2 trillion yen, or nearly 15 billion dollars, for the first six months of the year.
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Summary
Japanese exports to the US decreased for three consecutive months, mainly due to tariffs imposed by President Trump's administration. The value of shipments fell 11.4% in June, with a significant drop in the auto sector (-26.7%). Although more vehicles were exported, their average price dropped
Statistics
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ID: 92d3ab97-9858-4832-8c81-75a4e7559adf
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250717_B4/
Created: 2025/07/18 07:01
Updated: 2025/12/08 03:20
Last Read: 2025/07/18 20:41