
Japan's exports slow in April as Trump's tariffs dent shipments to the U.S.
TOKYO — Japan's exports to the United States, its largest single trading partner, fell nearly 2% in April as tariff hikes imposed by President Donald Trump hit home.
Globally, exports rose just 2% year-on-year, down from 4% in March, leaving a trade deficit for the first time in three months.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
15 minutes ago
- Bloomberg
Treasuries Rally on Fed Cut Hopes, Stocks Hit Peak: Markets Wrap
A gauge of global equities touched a record high after small gains on Wall Street while Treasuries rallied as tepid US economic data reinforced expectations for Federal Reserve interest rate cuts this year. Muted advances for the S&P 500 and the Nasdaq 100 on Wednesday lifted both benchmarks to within 3% of their record closing highs achieved in February. The moves were a sign the market has inched higher after the initial tumult caused by President Donald Trump's reciprocal tariff announcement two months ago.


Fox News
15 minutes ago
- Fox News
Senate weighs Trump's 'big, beautiful bill' as policy group backs CBO, projects $3 trillion debt increase
President Donald Trump's "big, beautiful bill" is projected to increase the debt by $3 trillion, with interest, or $5 trillion if made permanent, according to estimates. An estimate of the House-passed bill by the nonpartisan Congressional Budget Office (CBO) projects it would add more than $2.4 trillion to primary deficits before interest over 10 years, according to the Committee for a Responsible Federal Budget (CRFB), a nonprofit public policy organization. As of Wednesday, the national debt, which measures what the U.S. owes its creditors, was $36.2 trillion, and the national deficit, which occurs when the federal government's spending exceeds its revenues, was $1 trillion, according to the Treasury Department. The massive spending package being considered by a Republican-controlled Congress aims to address a number of issues, including tax policy, border security and immigration, defense, energy production, the debt limit, and adjustments to SNAP and Medicaid. "Based on CBO's estimate, the House-passed bill includes roughly $5.3 trillion of tax cuts and spending partially offset by $2.9 trillion of revenue increases and spending cuts," a CRFB statement said. "Most significantly, the policies put forward by the Ways & Means Committee would increase deficits by $3.8 trillion, on net, while the policies in the Energy & Commerce title would reduce deficits by $1.1 trillion. With interest, the bill would add nearly $3.0 trillion to the debt through 2034 – or $5.0 trillion if various temporary provisions are made permanent." "OBBBA (One Big Beautiful Bill Act) would add far too much to the debt as written and could lead to far more fiscal damage than reported if temporary provisions are extended as intended," the group said. It noted that the bill would boost near-term inflation, increase interest rates, add unnecessary complexity to the tax code as well as weaken market confidence and slow long-term economic growth. It urged the Senate to make the bill "more responsible." Despite the bill passing in the House, some lawmakers have voiced opposition to the legislation, most notably Sen. Rand Paul, R-Ky. "We have never raised the debt ceiling without actually meeting that target," Paul told reporters this week. "So you can say it doesn't directly add to the debt, but if you increase the ceiling $5 trillion, you'll meet that. And what it does is it puts it off the back burner. And then we won't discuss it for a year or two." Top Democrats recently said the bill would cause the deaths of an estimated 51,000 Americans due to changes to the federal healthcare system and the broader reconciliation legislation. Also against the bill is Elon Musk, Trump's former head of the Department of Government Efficiency. Fox News Digital has reached out to the White House.


Bloomberg
19 minutes ago
- Bloomberg
Japanese Bonds Back on Stage With Another Sale of Longer Debt
Japan's sovereign debt is back in the spotlight as the government prepares for another sale of super-long-term bonds after dismal showings at recent auctions, as demand for the far-end of the curve sputters across the globe. The results from the finance ministry's auction of 30-year bonds are due at 12:35 p.m. Tokyo time. The 30-year yield was at 2.945% ahead of Thursday's sale, down from 3.185% last month, the highest level since it was first sold. Some investors are concerned that yields may surge again if the 30-year bond sale sees little demand.