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U.S. tariffs prompt Japanese firms to consider moving plants out of China

  • June 2, 2019
  • , All national papers
  • JMH Summary

In reports on China’s adoption of a third round of retaliatory duties on U.S. imports, all national papers wrote over the weekend that the Trump administration’s policy of imposing high tariffs has promoted some Japanese manufacturers to look into the possibility of relocating their assembly lines from China to other Asian countries because their U.S.-bound products will become less competitive as a result of high U.S. tariffs.

 

The papers also reported on President Trump’s announcement that he plans to impose a 5% tariff on Mexican imports to the U.S. in response to illegal immigration. The dailies noted that since almost 700,000 cars assembled at Japanese-operated factories in Mexico were exported to the U.S. in 2018, more than 1,000 Japanese firms operating there will be hit hard in the event that the tariffs are imposed as proposed. Nikkei added the international community would react strongly to the imposition of such tariffs in connection with illegal immigration.

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