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Trade war

Trade war likely to hurt profits for 60% of Japan's top companies

Nearly one-quarter say their products face tariff threat, poll shows

U.S. tariffs against China have resulted in levies on machine tools from Mitsubishi Electric, bearings from NSK and polycarbonate resins produced by Teijin.
U.S. tariffs against China have resulted in levies on machine tools from Mitsubishi Electric, bearings from NSK and polycarbonate resins produced by Teijin.   © Reuters

TOKYO -- More than 60% of Japanese companies expect their earnings to suffer from the global trade war originated by the U.S., while many already are confronting new tariffs or related sanctions, a poll released Monday by Nikkei shows.

Top executives from 11.4% of the responding companies see definite harm to earnings, while 49.1% report a likely negative impact. No respondent forecast receiving any benefit from the trade disputes.

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