Japan’s trade surplus with US balloons to $ 63 billion

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Japan was registered in March-April in the fiscal year, but rejected a surplus of the United States, the Ministry of Finance Thursday.

According to temporary statistics, Japanese trade deficit was 5.2 trillion yen ($ 37 billion) for the fourth year of March in the fourth year of March.

A surplus with a cunning with 9 trillion yen ($ 63 billion).

Export to the United States is a controversial issue for the US PresidentDonald Trumpand Japanese conversationsIn Washingtonto argue its claims against higher US tariffs. Japan is a great US ally and large investor in the United States, which applies hundreds of thousands of Americans in the United States.

Trump, on April 2, said that he plans to apply a 24% tariff to imports from Japan as part of the higher tariffs than with them. After the financial markets panicPut partially a 90-day retention on import taxes,While it’s alreadyDick tariffs to Chinese goods up to 145%.

Japan still faces 10% initial tariff and 25% tax on imported cars,Car partsSteel and aluminum export. Most of these tasks came into force recently, but the embarrassed Prime Minister Shedal was a cemetery for business.

Some analysts say Tokyo can announce surprise concessions such as more American rice imports at once.Rice occupies a special place in Japanese psycheThere was a stamp of the nation and a protected sector in Japan for a long time. However, recently pushed a rice deficiency prices.

Japan’s annual exports have risen to 5.9% since year ago, helped with a strong transportation of goods such as computer chips and vehicles. Imports increased by 4.7%. But a weaker Japanese new import cost more.

OneThe flow of the latest foreign tourists to JapanAfter reducing costs such as exports, the export was higher.

Japan marked 544 billion yen ($ 4 billion) trade surplus for March. Exports reached more than a year before a year, although the increase in the increase in February 6, a year ago, sixth straight month.

Exports to the United States have increased by 3%, the rise in the rest of Asia increased by 5.5%. Exports to China have fallen, Hong Kong, Taiwan and South Korea rose.

“It is likely that exports within Asia to prevent tariff conflicts with the United States,” Min Joo Kang, Senior economist, reported in a report.

This story was first displayed Fortune.com

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