Japan's Exports Surge to US, Despite Trade Tensions

Japans exports surged by six percent in November, marking the first U.S. increase since March, driven by a nine percent rise in shipments to the U.S. following a trade agreement. This growth was fueled by strong performances in cars, chemicals, and cameras, offsetting declines in machinery and iron and steel products. Japans imports from the U.S. nearly tripled, with passenger car shipments edging up by one and a half percent. Despite a trade surplus of four point seven billion U.S. dollars, tensions with Beijing impacted trade, with exports to China falling by two point four percent. Experts forecast an improvement in Japans exports in the coming year, partly due to the spillover effects from robust U.S. spending on artificial intelligence.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.