All articles tagged with #trade decline
Japan's exports fell by 2.6% in July, the steepest decline since February 2021, mainly due to reduced shipments to the US and China, with auto exports to the US dropping sharply amid tariff adjustments, raising concerns about potential recession risks despite strong Q2 GDP growth.
U.S. goods imports experienced the largest monthly decline on record in April, largely due to the impact of President Trump's tariffs, with trade with China reaching its lowest since the start of the pandemic; however, this does not necessarily indicate a weakening economy, as companies are now drawing down inventories accumulated in anticipation of tariffs.