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Japan's Exports to U.S. Dip for 1st Time in 4 Months in April

Japan's Exports to U.S. Dip for 1st Time in 4 Months in April

   Tokyo, May 21 (Jiji Press)--Japan's exports to the United States fell for the first time in four months in April, due apparently to additional tariffs by the administration of U.S. President Donald Trump, preliminary government data showed Wednesday.
   Japan's U.S.-bound exports in April slid 1.8 pct from a year before to 1,770.8 billion yen, according to the customs-cleared data from the Finance Ministry. Automobile exports shrank 4.8 pct, while steel exports plunged 29.0 pct. Both goods are subject to the U.S. additional tariffs.
   Japan's exports to the United States could drop further if Washington's high tariffs continue.
   In trade with the United States, Japan posted a trade surplus of 780.6 billion yen, up 14.3 pct, mainly due to a 11.6 pct decrease in imports to 990.2 billion yen in response to the yen's advance and lower crude oil prices.
   The Trump administration has imposed additional tariffs on nearly all trade partners.

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AFP-JIJI PRESS NEWS JOURNAL


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