Trump Tariffs Already Hitting Some Japanese Firms, Survey Shows

The impact of Donald Trump’s tariff campaign has already filtered through to Japanese companies, with about 10% saying the measures have affected their businesses and more voicing concern on the future jolt, according to a survey.

The Ministry of Finance survey was conducted from April 9-15 with 518 companies including those in the auto, steel and service sectors, according to Tuesday’s release. Auto companies said some orders have already been canceled and one firm cut hours for factory workers, while those in the tourism sector said they are concerned that a stronger yen would weigh on inbound visitors, the survey showed.