Key Facts
• On July 8, 2025, Trump announced a 25% tariff on Japanese imports starting August 1.
• The U.S. already imposes a 10% tariff on imports, set to increase to 25%.
• Phoenix, a seafood processing company in Kitakyushu, saw a 10% drop in U.S. orders since April.
• The company exports 50% of its products overseas, with 30% going to the U.S.
• CEO Takanori Tominaga expressed concerns over financial strain and uncertainty.
• To offset losses, Phoenix plans to strengthen domestic sales of its flagship product, “stick sushi.”
• Japan’s trade deficit in May 2025 reached ¥638.5 billion, marking two consecutive months of red ink.
• U.S.-bound exports fell 11% year-on-year, with auto exports dropping 24.7% in value.
• The Japanese government is urged to negotiate firmly for a resolution.
Summary
The U.S. will impose a 25% tariff on Japanese imports starting August 1, 2025, up from the current 10%. This has already impacted companies like Phoenix, a seafood processor in Kitakyushu, which reported a 10% drop in U.S. orders since April. To mitigate losses, Phoenix plans to boost domestic sales of its “stick sushi.” Japan’s trade deficit widened to ¥638.5 billion in May, driven by an 11% decline in U.S.-bound exports, particularly in the auto sector. CEO Takanori Tominaga highlighted the financial strain and uncertainty caused by the tariffs, urging the government to negotiate a resolution. The situation underscores the broader economic challenges posed by the escalating trade measures.
