Japanese Experts: The High Tariffs Imposed by the U.S. Will Deal a Serious Blow to the Japanese Economy
Trump announced that starting from August 1, a 25% tariff will be imposed on Japanese imports. Experts point out that this will severely impact Japan's manufacturing industry, especially as orders from small and medium-sized enterprises have begun to dry up. At the same time, Japan's economy sentiment index has also shown a first assessment of "deterioration" since 2020, indicating that the economy may be heading towards recession.