The Journal Gazette BusinessTOKYO – Japan’s exports to the United States, its largest single trading partner, fell nearly 2% in April as tariff hikes imposed by President Donald Trump hit home.
Globally, exports rose just 2% year-on-year, down from 4% in March, leaving a trade deficit for the first time in three months. Imports from the United States fell more than 11% in April, while total imports slipped 2.2%.
Weakening exports could drag on growth after the economy contracted 0.7% in the last quarter. Japan is asking the Trump administration to scrap his tariffs on imports from Japan, but so far, the U.S. has not agreed to do so.
UK inflation highest level in
more than a year
Inflation in the U.K. spiked to its highest level for more than a year in April amid higher domestic bills such as energy and water.
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