Trade
Japan’s Economy Faces Fallout From Trump’s China Tariff Threats
- Cabinet Office economist Hayashi warns of renewed trade impact
- Says some firms better prepared to deal with new tariff wave
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Japan’s economy risks taking another hit if US President Donald Trump slaps fresh tariffs on China, sparking a renewed US-China trade war, according the government’s chief economist.
“If a US-China trade war leads to higher tariffs, it’s likely to negatively affect Japan’s economy, based on past experience,” Tomoko Hayashi, chief economist at the Cabinet Office, said in an interview with Bloomberg.