💨 Abstract

Japanese companies such as Sony, Suntory, Honda, Japan Display, Alps Alpine, and Murata Manufacturing are stockpiling inventory or shifting production in the US to avoid potential US tariffs. This is due to President Trump's threat of tariffs on Japan, following his tariff barriers against Mexico and China. The tariffs could hurt Japan's export-reliant economy, particularly Japanese companies that have concentrated on overseas sales, mainly to the US.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖