Japanese exports to U.S. down 14% in Aug., fall for 5th month on tariffs

Japan's exports to the United States in August dropped 13.8 percent from a year earlier to 1.39 trillion yen ($9.5 billion), falling for the fifth straight month, as auto shipments plunged amid higher tariffs, government data showed Wednesday.The trade surplus with the United States shrank 50.5 percent to 324 billion yen, weighed down by a 28.4 percent plunge in auto exports, while imports grew 11.6 percent to 1.06 trillion yen, the Finance Ministry said in a preliminary report.U.S. President Donald Trump raised vehicle duties by 25 percentage points to 27.5 percent in April as part of his …READ FULL ARTICLE