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Nikkei Asia
13 hours ago
- Business
- Nikkei Asia
Uniqlo hopes for breathing room under US-Vietnam tariff deal
Uniqlo parent Fast Retailing had predicted a 2%-to-3% hit to operating profits due to Trump's tariffs. (Photo by Hiroki Endo) TAKESHI SHIRAISHI TOKYO -- The tariff reductions announced by the U.S. and Vietnam are expected to provide relief for companies like casualwear retailer Uniqlo, which depends on the Southeast Asian nation for a large portion of its supply chain. U.S. President Donald Trump said Wednesday that U.S. imports from Vietnam will face a 20% tariff, down from the 46% originally proposed. The Vietnamese side did not say what level of tariffs had been agreed on.
Nikkei Asia
25-06-2025
- Nikkei Asia
China group likely used Japan to ship fentanyl chemicals: Nikkei investigation
Court documents on Chinese company Hubei Amarvel Biotech, which was prosecuted by U.S. authorities, reveal the Japan connection. (Photo by Hiroki Endo) Nikkei staff writers NEW YORK/MEXICO CITY/NAGOYA, Japan -- A Chinese organization allegedly used a base in Japan to smuggle chemicals to make the synthetic drug fentanyl into the U.S., a Nikkei investigation has found. A key figure in the group registered a company in the city of Nagoya and until at least July 2024 issued instructions from Japan on the delivery of the dangerous opioid and on the management of funds.
