Japanese commodity stocks hit hardest by Trump tariffs

Global recession fears expected to dampen demand for copper, oil and gas

20250408 Japan Exchange

Nonferrous metals, banks and oil and coal products were the sectors most hit by the announcement of U.S. tariffs. (Photo by Mayumi Tsumita)

SHOTARO TANI

TOKYO -- Japan's commodity-related stocks have taken a beating out of fear that the looming trade war will lead to a global recession, sapping demand for items such as copper, oil and coal.

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