Japan’s April Exports Slow as US Tariffs Bite
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Japan’s export growth decelerated sharply in April, with shipments to the US falling for the first time in four months. Ministry of Finance data shows a mere 2% year-on-year increase in total exports—down from March’s 4% rise—as American tariffs dented demand for cars, steel, and ships.
The 1.8% contraction in US-bound shipments reflects weakening appetite for premium Japanese vehicles, with auto exports dropping 4.8%. A stronger yen compounded the pressure, suggesting automakers may have front-loaded deliveries ahead of anticipated tariff hikes.
Analysts warn the downturn could intensify unless Tokyo negotiates relief from Washington. With levies set to deepen later this year, Japan’s trade-dependent economy faces mounting headwinds.
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