TOKYO (Reuters) – Most Japanese firms with operations in the USA are getting ready for potential further tariffs below the incoming Trump administration, based on a survey launched on Friday by the Japan Exterior Commerce Group.
These efforts embrace strengthening manufacturing and procurement within the U.S. and contemplating product value hikes, the survey confirmed. It was carried out earlier this month and focused 694 firms, the Japanese government-related commerce physique stated.
Of the 123 respondents that anticipated to be affected by tariff insurance policies, practically three-fourths stated these results can be damaging for his or her enterprise, whereas 17% stated they’d be blended and 10% stated they’d be constructive.
Japanese firms additionally expressed considerations in regards to the impact of U.S. excise taxes concentrating on different nations, whereas a proposed 60% tariff on Chinese language items was seen as prone to have the most important influence on provide chains.
Amongst firms anticipating adjustments in immigration and visa insurance policies, greater than 60% anticipated a damaging influence attributable to labour shortages.
