Japan reports $63 bn trade surplus with US amid Trump tariffs talk

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Japan reports $63 bn trade surplus with US amid Trump tariffs talk - Business Standard

Quick Summary:

Japan's global trade deficit totalled 5.2 trillion yen (USD 37 billion) for the fiscal year through March, for the fourth straight year of deficits, according to the provisional statistics.

Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the US, the Finance Ministry reported Thursday.

Trump said on April 2 that he planned to impose a 24 per cent tariff on imports from Japan as part of an announcement of higher tariffs on dozens of countries.