A Japanese government survey has found that 20 percent of companies based in the country say the Trump administration's tariff measures could affect their business. Companies in the auto industry are the most likely to feel an impact.
The Development Bank of Japan got responses from 227 companies across a range of businesses including the automotive, transportation and machinery sectors.
Thirty-nine percent of firms in the auto sector said the tariffs could influence their business.
Some said many of the products they export to the United States are made in Japan and Mexico. They said it would be difficult for them to relocate production bases and replace supply chains.
A separate survey conducted by the agriculture ministry found that green tea producers are concerned about lower demand in the US due to price hikes there.
The survey also found that beef exporting firms have heard from some of their clients that they do not want to receive any more products for now.
The government has already decided on an emergency package that provides support for financing and helping companies maintain their workforce. It plans to compile other support measures if necessary.
The Development Bank of Japan got responses from 227 companies across a range of businesses including the automotive, transportation and machinery sectors.
Thirty-nine percent of firms in the auto sector said the tariffs could influence their business.
Some said many of the products they export to the United States are made in Japan and Mexico. They said it would be difficult for them to relocate production bases and replace supply chains.
A separate survey conducted by the agriculture ministry found that green tea producers are concerned about lower demand in the US due to price hikes there.
The survey also found that beef exporting firms have heard from some of their clients that they do not want to receive any more products for now.
The government has already decided on an emergency package that provides support for financing and helping companies maintain their workforce. It plans to compile other support measures if necessary.
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Summary
Japanese survey reveals that 20% of companies, particularly those in the auto industry, anticipate impact from US tariffs. 39% of auto firms expect business influence. Some exporters struggle with relocation due to product origins in Japan and Mexico. Green tea producers express worry over lower
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ID: d0c1fbda-2000-4f80-81ef-5eb4a7c2205c
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250428_B2/
Created: 2025/04/29 07:00
Updated: 2025/12/08 04:33
Last Read: 2025/04/29 12:17