Japan grapples with declining exports and trade deficit in the face of Trump’s tariff threats.

Concern over the possibility of a recession is growing in the world’s fourth-largest economy, following a consecutive drop in exports to the US for two months, including June.

Source: https://www.euronews.com/business/2025/07/17/japan-is-facing-slowing-exports-and-trade-deficit-amid-threat-from-trumps-tariffs