TOKYO -- Japan's exports of motor vehicles dropped 5.8% in value in April following a tariff hike of 25% by U.S. President Donald Trump, while outbound shipments of auto parts also decreased ahead of a similar hike coming into effect.
Overall exports expand for seventh straight month, up 2%
Newly manufactured cars awaiting export at a port in Yokohama, south of Tokyo. © Reuters
TOKYO -- Japan's exports of motor vehicles dropped 5.8% in value in April following a tariff hike of 25% by U.S. President Donald Trump, while outbound shipments of auto parts also decreased ahead of a similar hike coming into effect.