Latest news with #Japanese automakers
Yahoo
7 days ago
- Automotive
- Yahoo
Japanese auto stocks are surging on Trump's tariff deal
Japanese automaker stocks are rallying after a new trade deal sets tariffs at 15%, down from the expected 25%. Yahoo Finance Senior Reporter Pras Subramanian joins Morning Brief to explain why the deal is getting pushback from US carmakers. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Let's talk about Japanese automakers for a second because I know you have been so focused on the tariff effect on the different global automakers. We're seeing many of these stocks fly this morning on this new trade agreement. I mean, they're still going to be tariffed at 15%, but I guess it's not 25%. I mean, Julie, you've been covering this market for a long time. Have you ever seen Japanese auto stocks jump this much in one day? I mean, it's rare. It is certainly rare. I've never seen that and it's extreme optimism about the 15% tariff deal with the US now that Trump announced. Uh, yeah, it was 25, 27, I think something like that before, potentially before that. So a big deal for them. This is a huge kind of optimism boost for them. Uh, but you know, they it's funny because the US automakers, the big three are upset about this. They call this a bad deal because they're saying, hey, we make a lot of vehicles in North America, I.E., Mexico and Canada that have high US content, right? And these Japanese cars have no US content and they're getting a better deal than the cars coming from Mexico and Canada. Uh, not to mention the fact that the Japanese automakers, some of them do make cars in Canada and Mexico. So it's still a lot going on. There's from like different parts of the world making cars and exporting them, importing them. Uh, but yes, this is very bullish for them. And even the German automakers, as Nina's mentioned, rallying on this as optimism for a deal with the EU, too. I just quickly looked it up because I didn't know off the top of my head, tariffs on foreign cars coming into the US pre-Trump, two and a half percent. Yeah. Related Videos Hilton's upbeat Q2 earnings: Why this analyst is still Neutral US equities lead 2025 ETF flows: A closer look at global trends Hasbro Q2 beat, MARA to raise $850M, Otis issues weak guidance GE Vernova, Thermo Fisher, Enphase Energy: Trending Tickers Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-07-2025
- Business
- Yahoo
Japan is facing slowing exports and trade deficit amid threat from Trump's tariffs
Japan sank into a trade deficit of 2.2 trillion yen (€13 billion) for the first six months of this year, according to government data released Thursday, as exports were hit by President Donald Trump's tariffs. In June, Japan's exports slipped 0.5% from a year earlier, following a 1.7% drop in May. Japan's exports to the US declined by 11% in June, with auto exports plunging 26.7%. (The US slapped car imports with a 25% tariff in April.) Shipments to China decreased by nearly 5%. Exports to Mexico, a major auto assembly hub for North America for Japanese automakers, fell nearly 20%. Trump has postponed implementing that higher import duty until 1 August, to allow time for negotiations, but so far no deal has been reached. Japan exports in June totalled nearly 9.2 trillion yen (€53 billion), in the second straight month of declines. As imports rose slightly by 0.2%, the trade surplus came in at 153 billion yen (just over €890 million), following a trade deficit in May amounting to 637.6 billion yen, or €3.7bn. Related Spain overtakes Japan in GDP per capita - what is behind the numbers? Nissan is closing flagship Oppama plant in Japan to cut costs In the first half of the year, Japan's exports totalled 53.4 trillion yen (€310bn), up 3.6%, while imports rose 1.3% to 55.6 trillion yen (€320bn). Japan and the US have been holding trade talks, with Japanese officials stressing that Japan is a key US ally. Customs data shows that, based on value, nearly one-fifth of all exports were heading to the US in 2024, making a trade deal crucial for the country's economy. Trump has focused on rice, a sector traditionally protected from foreign competition for the sake of Japan's food security. Japan imports more than 300,000 tons of rice a year from the US, according to various data, although some of that is used for animal feed. Japan will hold an election for the Upper House of Parliament on Sunday. Given falling public support for Prime Minister Shigeru Ishiba's administration, the conservative and pro-business ruling Liberal Democratic Party could lose its majority unless it gains another coalition partner. Japan's economy contracted in the first quarter of this year compared to the previous quarter, partly due to slowing exports. Following the latest export figures, concerns are mounting that the export-dependent Japanese economy is going to contract again in the second quarter, and the country will land in a recession. Sign in to access your portfolio
Yahoo
23-07-2025
- Business
- Yahoo
Japan is facing slowing exports and trade deficit amid threat from Trump's tariffs
Japan sank into a trade deficit of 2.2 trillion yen (€13 billion) for the first six months of this year, according to government data released Thursday, as exports were hit by President Donald Trump's tariffs. In June, Japan's exports slipped 0.5% from a year earlier, following a 1.7% drop in May. Japan's exports to the US declined by 11% in June, with auto exports plunging 26.7%. (The US slapped car imports with a 25% tariff in April.) Shipments to China decreased by nearly 5%. Exports to Mexico, a major auto assembly hub for North America for Japanese automakers, fell nearly 20%. Trump has postponed implementing that higher import duty until 1 August, to allow time for negotiations, but so far no deal has been reached. Japan exports in June totalled nearly 9.2 trillion yen (€53 billion), in the second straight month of declines. As imports rose slightly by 0.2%, the trade surplus came in at 153 billion yen (just over €890 million), following a trade deficit in May amounting to 637.6 billion yen, or €3.7bn. Related Spain overtakes Japan in GDP per capita - what is behind the numbers? Nissan is closing flagship Oppama plant in Japan to cut costs In the first half of the year, Japan's exports totalled 53.4 trillion yen (€310bn), up 3.6%, while imports rose 1.3% to 55.6 trillion yen (€320bn). Japan and the US have been holding trade talks, with Japanese officials stressing that Japan is a key US ally. Customs data shows that, based on value, nearly one-fifth of all exports were heading to the US in 2024, making a trade deal crucial for the country's economy. Trump has focused on rice, a sector traditionally protected from foreign competition for the sake of Japan's food security. Japan imports more than 300,000 tons of rice a year from the US, according to various data, although some of that is used for animal feed. Japan will hold an election for the Upper House of Parliament on Sunday. Given falling public support for Prime Minister Shigeru Ishiba's administration, the conservative and pro-business ruling Liberal Democratic Party could lose its majority unless it gains another coalition partner. Japan's economy contracted in the first quarter of this year compared to the previous quarter, partly due to slowing exports. Following the latest export figures, concerns are mounting that the export-dependent Japanese economy is going to contract again in the second quarter, and the country will land in a recession. Sign in to access your portfolio
Yahoo
17-07-2025
- Business
- Yahoo
Japan racks up trade deficit amid threat from Trump's tariffs
TOKYO (AP) — Japan sank into a trade deficit of 2.2 trillion yen ($15 billion) for the first six month of this year, according to government data released Thursday, as exports were hit by President Donald Trump's tariffs. In June, Japan's exports slipped 0.5% from a year earlier after its shipments of vehicles and other products were slapped with a 25% tariff. President Donald Trump has postponed implementing that higher import duty until Aug. 1, to allow time for negotiations but so far no deal has been reached. Exports in June totaled nearly 9.2 trillion yen ($62 billion), in the second straight month of declines. Imports in June rose 0.2% to 9 trillion yen ($61 billion), the Finance Ministry said. That left a trade surplus of 153 billion yen (just over $1 billion). The trade deficit in May was 637.6 billion yen, or $4.4 billion. Japan's exports to the United States fell 11% in June, with auto exports plunging 25%. Shipments to China decreased by nearly 5%. Exports to Mexico, a major auto assembly hub for North America for Japanese automakers, fell nearly 20%. In the first half of the year, Japan's exports totaled 53.4 trillion yen ($360 billion), up 3.6%, while imports rose 1.3% to 55.6 trillion yen ($375 billion). Japan and the U.S. have been holding trade talks, with Japanese officials stressing that Japan is a key U.S. ally. Trump has focused on rice, a sector traditionally protected from foreign competition for the sake of Japan's food security. Japan imports more than 300,000 tons of rice a year from the U.S., according to various data, although some of that is used for animal feed. Japan will hold an election for the Upper House of Parliament on Sunday. Given falling public support for Prime Minister Shigeru Ishiba's administration, the conservative and pro-business ruling Liberal Democratic Party could lose its majority unless it gains another coalition partner. Japan's economy contracted at an annual rate of 0.7% in the first quarter of this year compared to the previous quarter, partly due to slowing exports. ___ Yuri Kageyama is on Threads:
Associated Press
17-07-2025
- Business
- Associated Press
Japan racks up trade deficit amid threat from Trump's tariffs
TOKYO (AP) — Japan sank into a trade deficit of 2.2 trillion yen ($15 billion) for the first six month of this year, according to government data released Thursday, as exports were hit by President Donald Trump's tariffs. In June, Japan's exports slipped 0.5% from a year earlier after its shipments of vehicles and other products were slapped with a 25% tariff. Trump has postponed implementing that higher import duty until Aug. 1, to allow time for negotiations but so far no deal has been reached. Exports in June totaled nearly 9.2 trillion yen ($62 billion), in the second straight month of declines. Imports in June rose 0.2% to 9 trillion yen ($61 billion), the Finance Ministry said. That left a trade surplus of 153 billion yen (just over $1 billion). The trade deficit in May was 637.6 billion yen, or $4.4 billion. Japan's exports to the United States fell 11% in June, with auto exports plunging 25%. Shipments to China decreased by nearly 5%. Exports to Mexico, a major auto assembly hub for North America for Japanese automakers, fell nearly 20%. In the first half of the year, Japan's exports totaled 53.4 trillion yen ($360 billion), up 3.6%, while imports rose 1.3% to 55.6 trillion yen ($375 billion). Japan and the U.S. have been holding trade talks, with Japanese officials stressing that Japan is a key U.S. ally. Trump has focused on rice, a sector traditionally protected from foreign competition for the sake of Japan's food security. Japan imports more than 300,000 tons of rice a year from the U.S., according to various data, although some of that is used for animal feed. Japan will hold an election for the Upper House of Parliament on Sunday. Given falling public support for Prime Minister Shigeru Ishiba's administration, the conservative and pro-business ruling Liberal Democratic Party could lose its majority unless it gains another coalition partner. Japan's economy contracted at an annual rate of 0.7% in the first quarter of this year compared to the previous quarter, partly due to slowing exports. ___ Yuri Kageyama is on Threads:
