Tags: AS | Japan | Trade

Japan's February Exports, Imports Grow amid Trade war Fears

Sunday, 18 March 2018 10:37 PM

TOKYO (AP) — Japan's exports in February grew 1.8 percent compared to the same month a year ago, according to Ministry of Finance data released Monday.

Worries are growing about a possible trade war over President Donald Trump's 25 percent tariffs on steel and 10 percent on aluminum.

Japan is asking for an exemption.

Exports are expected to grow in coming months, boosted by global economic growth. Japan exports much of its steel to Asia and not the U.S.

Exports grew to 6.46 trillion yen ($61 billion). Japan's imports in February grew 16.5 percent on year also to 6.46 trillion yen ($61 billion), when rounded off, leaving a surplus of 3.4 billion yen ($32 million), the ministry said.

By country, Japan's exports to the U.S. in February grew 4.3 percent.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
Japan's exports in February grew 1.8 percent compared to the same month a year ago, according to Ministry of Finance data released Monday.Worries are growing about a possible trade war over President Donald Trump's 25 percent tariffs on steel and 10 percent on...
AS,Japan,Trade
129
2018-37-18
Sunday, 18 March 2018 10:37 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved