トランプ大統領だいとうりょう 相互そうご関税かんぜい日本にっぽんに24％ 一律いちりつ10％関税かんぜい【一覧いちらん表ひょうも】

On the 2nd, President Trump of the United States delivered a speech at the White House, revealing that he will impose a 24% tariff on Japan as a reciprocal tariff, taking into account the tariff rates and non-tariff barriers of trade partner countries.

It was also announced that a uniform tariff of 10% will be imposed on all countries and regions not specified with individual tariff rates, raising concerns about a significant impact on the global economy.

<br>[President Trumps Speech Details]<br><br>This was revealed by President Trump in a speech at the White House on the 2nd.

<br><br>Soon, sign a historic executive order to introduce reciprocal tariffs on countries around the world

In other words, what the other party does to us, we will also do to them.

Thats a very simple matter.

He stated that there is nothing simpler than this and expressed his intention to introduce reciprocal tariffs, which involve raising his countrys tariffs based on the tariff rates and non-tariff barriers of trading partner countries.

<br><br>Regarding Japan, it argues that considering the non-tariff barriers for the United States, it is equivalent to a 46% tariff, and imposes a 24% tariff

In countries and regions outside of Japan, it is 34% for China, 26% for India, and 20% for the EU European Union, and this measure is said to take effect on the 9th of this month, Eastern Time in the United States.

<br><br>Additionally, President Trump announced the establishment of a basic tariff rate, imposing a uniform 10% on all countries and regions.

This measure is scheduled to take effect on the 5th of this month, but it will not be added to countries like Japan, where individual tariff rates are specified.

<br><br>Both measures are based on the IEEPA = International Emergency Economic Powers Act, which allows the president to impose regulations on imports and exports if a state of emergency is declared, and it is stated that the massive trade deficit and the hollowing out of domestic industries in the United States constitute an emergency situation.

Canada and Mexico are not subject to this measure and will continue to impose a 25% tariff, while items included in the trade agreement among the three countries will temporarily continue to be exempt from tariffs.

<br><br>Tariff measures on a wide range of countries and regions, including Japan, are a concern as they may have a significant impact on the global economy

<br>The reciprocal tariff rates for major countries and regions are as follows, as indicated in President Trumps speech

<br><br>▼China is 34%, ▼EU European Union is 20%, ▼Taiwan is 32%, ▼Japan is 24%, ▼India is 26%, ▼South Korea is 25%, ▼Indonesia is 32%, ▼Cambodia is 49%, ▼Vietnam is 46%, ▼Thailand is 36%, ▼Malaysia is 24%, ▼Switzerland is 31%, ▼UK is 10%, ▼Turkey is 10%, ▼Egypt is 10%, ▼Saudi Arabia is 10%, ▼UAE United Arab Emirates is 10%, etc.

In the list of tax rates by country and region shown in President Trumps speech, the tariff rates that each country imposes on the United States and the reciprocal tariff rates that the United States will impose under the current measures are presented side by side.

<br><br>Among these, the tax rates imposed by each country on the United States are explained to include currency manipulation and trade barriers.

<br><br>However, this list does not show the detailed calculation method.

The tax rate imposed by the United States is labeled as Reciprocal Tariffs Discounted by the United States

</blockquote><br>[Washington Bureau Reporter Odashima Commentary] What is the future of America?<br>Q

How did you perceive President Trumps speech?<br><br>A

It resulted in content beyond expectations, such as a 24% tariff on Japan

The United States, which has consistently been a champion of free trade since the postwar period, no longer adheres to the rules of free trade, and it can be said that the world economy has reached a historic turning point.

<br><br>Among government officials and financial market participants in various countries, there was an expectation that tariffs were a negotiation card for President Trump and that he would not actually go through with them.

However, I feel completely betrayed by todays speech.

<br><br>Q

What will happen to America?

<br><br>A

President Trump hopes to eliminate the trade deficit and revive the manufacturing industry through these strong tariff measures.

If such strong measures are taken, the trade deficit may shrink in the short term.

However, the view that it will have a severe impact on the subsequent economy is strong.

The Western media widely reported that the major American financial firm Goldman Sachs raised the probability of the United States entering a recession in the next 12 months from 20% to 35% before the speech.

The announcement today far exceeds the assumptions of this estimate, and the actual economic outlook is expected to deteriorate further.

The America First policy and protectionist measures of the Trump administration began in its first term, and some were continued under the Biden administration, but in President Trumps speech today, I feel that the rules of free trade have fundamentally changed.

<br><br>Such extreme measures may lead to a movement among countries around the world to explore distancing from America or decoupling from America.

<br>[International Department Toyonaga Desk Commentary] How to view mutual tariffs?<br>Q

What do you think about the mutual tariff rates for major countries and regions?<br><br>A

President Trump presented a list of countries and regions around the world and outlined reciprocal tariffs.

Japan has a 24% tariff, while Taiwan has 32%, India 26%, South Korea 25%, and Vietnam 46%, among others.

<br><br>These countries and regions all have a trade surplus with the United States, which means a large trade deficit from the perspective of the United States. It is believed that the U.S. government analyzed the amount of the trade deficit and the tariff rates imposed by these countries and regions, and came up with respective figures.

The number of countries and regions listed exceeds 180.

According to the published White House materials, it is stated that individual reciprocal tariffs will be imposed on countries with trade deficits, while a basic tariff of 10% will be imposed on other countries.

<br><br>In other words, it reveals the two mechanisms: imposing a uniform 10% tariff on all countries and regions, with a base of uniform tariffs, and imposing reciprocal tariffs on countries with which the United States has a trade deficit.

According to the document, it explains that other countries that do not have mutual tariffs are subject to a 10% tariff, and as far as reading this document goes, mutual tariffs and the uniform 10% tariff appear to be separate.

<br><br>And President Trump mentioned Japan

In the automotive sector, it was stated that Korea, Japan, and many other countries impose non-tariff barriers as a result of huge trade barriers, and 94% of cars in Japan are made in Japan.

On the other hand, both General Motors and Ford have expressed dissatisfaction with almost no sales, they complained.

<br>Q

The focus going forward is

<br><br>A

It is said that this reciprocal tariff and a flat 10% tariff will take effect from April 9th.

Tariffs of 20% on China and tariffs on steel and aluminum have already been implemented.

And from 1 PM on the 3rd, automobile tariffs will also be implemented

Honestly, I cant imagine what kind of negative impact these overlapping tariff measures will have on the global economy.

<br><br>Additionally, whether each country will announce retaliatory tariffs after this is also a major focus.

If countries impose retaliatory tariffs, the performance of American companies may deteriorate, employment conditions may worsen, and the American economy may also suffer.

<br>[Economics Department: Naito Desk Commentary] What is the impact on Japan?<br>Q

What is the impact on Japan?<br>A

It was announced that a 24% tariff will be imposed on Japan, and since the United States is Japans largest export partner, the impact is significant.

<br><br>An additional 25% tariff on automobiles, which are the largest export from Japan to the United States, will be imposed starting from the afternoon of the 3rd, Japan time. It is expected that reciprocal tariffs will have an impact on a wider range of industries, including small and medium-sized enterprises.

<br><br>The specific items subject to mutual tariffs are not yet known, but looking at exports to the United States other than automobiles, construction machinery, machinery used in mining, optical equipment, and semiconductor manufacturing equipment are also exported in large quantities.

Recently, the export of food and agricultural and marine products has also been increasing.

These items may also be affected by reciprocal tariffs

<br><br>Regarding the impact of auto tariffs, Japans GDP is 0

There are also private estimates that suggest it may be lowered by about 2%.

The real GDP growth rate for last year is 0

Since it is 1%, the impact of the automobile tariffs is so large that it cancels out a years economic growth.

This time, with mutual tariffs also being imposed, it is expected to be an even greater blow to the Japanese economy.

<br><br>Until now, there has been a view among experts that the tariffs Japan imposes on imports are low compared to other countries and regions. However, President Trump pointed out that when including non-tariff barriers, it is equivalent to a 46% tariff, which can be said to be unexpected.

The government will analyze the basis of this 46% in detail and will engage in negotiations with the United States in the future.

<br><br>Q

What is the impact on the market?<br>A

After President Trumps remarks, the Nikkei Stock Average futures also plummeted significantly.

In the foreign exchange market, the view that it will also affect the U.S. economy has led to a decline in U.S. long-term interest rates, strengthening the movement to sell the dollar, resulting in a significant appreciation of the yen.

The movement of stock prices in the Tokyo Stock Exchange, which will open after this, is attracting attention.

<br>Reciprocal tariffs<br>Reciprocal tariffs refer to measures taken to raise ones own countrys tariffs to the same level as those of a trading partner when the trading partner imposes high tariffs.

<br><br>The Trump administration is believed to aim to increase exports from the United States and reduce the trade deficit by narrowing the tariff rate gap with trading partner countries through reciprocal tariffs.

In a statement released in February this year, the White House noted that the level of U.S. tariffs is low by global standards, and stated that the country has been unfairly treated by its trading partners, regardless of whether they are friendly or adversarial nations, for many years.

This lack of reciprocity is pointed out as one of the factors that perpetuate the large trade deficit in the United States.

<br><br>In addition, when introducing reciprocal tariffs, it emphasizes the idea that not only the high tariff rates of trading partner countries but also<br>▽ the value-added tax equivalent to Japans consumption tax introduced by European countries,<br>▽ regulations and subsidies that restrict American trade,<br> etc., can also be reasons.

Regarding reciprocal tariffs, American media reports that when the term reciprocal is used in the context of trade, it has mostly meant the reduction of trade barriers for the past 90 years,

Overview list of reciprocal tariffs shown by President Trump<br><br>Expert: Japans GDP may be pressured downward<br>Takahide Kiuchi, Executive Economist at Nomura Research Institute, stated that if a uniform 10% tariff is imposed on exports from Japan to the United States as reciprocal tariffs, the export value to the United States could decrease by approximately 1.49 trillion yen, and Japans GDP Gross Domestic Product could be...

It is estimated to be reduced by 24%

<br><br>Adding the impact of additional tariffs on automobiles, Japans GDP is 0

There is a possibility of being pushed down by about 4%, and it is said that the sense of slowdown in the Japanese economy due to a series of tariff measures is inevitable.

The Japanese government is increasing its vigilance. Before the announcement of the details of mutual tariffs, Minister of Economy, Trade and Industry, Muto, stated at a press conference on the 1st, At this point, the details of the measures are not clear, so when they are announced in the future, it will be necessary to thoroughly analyze the content and first examine the impact on Japan. He expressed the intention to first carefully assess the content of the mutual tariffs.

Within the government, there are also concerns that if the mutual tariffs are limited to specific countries, including Japan, rather than the entire world, the competitiveness of Japanese products in the American market may relatively decline.

On the other hand, President Trump has indicated that non-tariff barriers could also be a reason for implementing reciprocal tariffs, and on March 31, the USTR United States Trade Representative released a report summarizing regulations that hinder tariffs and trade in various countries.

<br><br>In this context, it is pointed out as an issue that the following are hindering exports from the United States to Japan:<br>▽ The system of rice import and distribution<br>▽ Regulations on food safety<br>▽ Regulations on digital platforms<br>▽ Safety standards for automobiles<br> etc.

<br><br>Regarding Japanese rice, White House spokesperson Levitt has repeatedly criticized, saying, Japan is imposing a 700% tariff on American rice.

Attention is drawn to how such content will affect mutual tariffs.

<br>《Impact of Additional Tariffs on Automobiles》<br>Meanwhile, President Trump, following the announcement of reciprocal tariffs, stated on the 3rd that a 25% additional tariff will be imposed on automobiles imported from all countries, including Japan.

The president of an auto parts manufacturer in Gunma Prefecture, which supplies parts to automakers focusing on the American market, says, We will have to respond to cost reductions as cost increases due to tariffs are expected.

According to research companies such as MarkLines, SUBARU is exporting more than 290,000 units from Japan, which accounts for 44% of the number sold in America in 2024, and is significantly affected by the additional tariffs.

In Ota City, Gunma Prefecture, SUBARU has its only production base in Japan, and there are many related companies in Ota City and its surrounding areas that supply parts and other components to SUBARU.

<br><br>Among these, the automotive parts manufacturer Toa Kogyo produces components for the body frame and suspension, supplying more than 90% of its domestic automotive parts sales to SUBARU.

<br><br>President Shinichi Iizuka mentioned that as a future measure, Since there is inevitably an increase in costs due to tariffs, I feel that it will be somewhat distributed among customers, dealers, manufacturers, and suppliers.

If thats the case, well have to address cost reduction, they said.

According to trade statistics from the Ministry of Finance, the total export value from Japan to the United States over the past year was 21.2947 trillion yen, making it the highest among all countries.

<br><br>By item<br>▽ Automobiles: 6 trillion 264 billion yen 28% of total

3%<br>▽ Automobile parts: 1.231 trillion yen 5% of the total

8%<br>▽ Engines and other prime movers: 1 trillion 89.8 billion yen 5% of the total

1%<br>Items related to automobiles occupy a large portion.

<br><br>In other items,<br>▽ Construction and mining machinery is 895.3 billion yen,<br>▽ Scientific optical instruments is 589.5 billion yen,<br>▽ Semiconductor manufacturing equipment is 529.8 billion yen,<br>▽ Heavy electrical equipment is 494.3 billion yen,<br>etc.

<br><br>The new tariff measures on automobiles by the United States are scheduled to take effect on the 3rd, and depending on the content of the reciprocal tariffs, it is expected that there will be a significant impact on items other than those related to automobiles.