Uzbekistan and Azerbaijan hold first interparliamentary forum in Khiva
Uzbekistan and Azerbaijan launched their first interparliamentary forum in Khiva on July 1, marking a new chapter in bilateral legislative cooperation...
Japan vows to take decisive action as the U.S. imposes a 25% tariff on automobile imports. With autos making up 28.3% of Japan’s exports to the U.S., the move could hit its economy hard. Prime Minister Shigeru Ishiba says Tokyo is considering "all options" in response.
Japanese Prime Minister Shigeru Ishiba said on Thursday Tokyo will put "all options on the table" in dealing with Washington's announcement to impose a 25% tariff on automobile imports.
U.S. President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year.
"Japan is a country that is making the largest amount of investment to the United States, so we wonder if it makes sense for (Washington) to apply uniform tariffs to all countries. That is a point we've been making and will continue to do so," Ishiba told parliament.
"We need to consider what's best for Japan's national interest. We're putting all options on the table in considering the most effective response," Ishiba said, without elaborating on the possible steps Tokyo may take.
Analysts say the move could deal a heavy blow on Japan's economy given its reliance on auto exports to the United States.
Shares in Japanese auto makers fell sharply in early trade on Thursday.
Automobiles made up 28.3% of Japan's total exports to the United States in 2024, the biggest ratio among all items, according to Ministry of Finance data.
The auto industry makes up roughly 3% of Japan's gross domestic product (GDP) and has been the driver of recent wage hikes, as automakers distribute the huge profits they reaped overseas to their employees.
Takahide Kiuchi, executive economist at Nomura Research Institute (NRI), expects an 25% increase in U.S. auto tariffs to push down Japan's GDP by around 0.2%.
"The Trump tariff has the potential to immediately push Japan's economy into deterioration," he said.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Concerns over new U.S. tariffs under President Donald Trump are weighing on global manufacturing, though June data show signs of resilience in countries like Japan, China, and Ireland.
Ukrainian President Volodymyr Zelenskyy spoke with Azerbaijani President Ilham Aliyev on July 1 to offer condolences, express gratitude for regional support, and reaffirm mutual commitment to sovereignty and bilateral cooperation.
The U.S. Department of Justice and FBI on Monday announced an arrest and indictments related to North Korea’s 'IT worker' program, through which North Koreans secured remote tech jobs at more than a 100 U.S. companies to steal money and data globally.
A senior figure in Russia’s defence establishment, Timur Ivanov, has been sentenced to 13 years in prison after being found guilty of corruption, amid an escalating crackdown on high-level misconduct.
As the Dalai Lama turns 90, the question of his successor is drawing global attention — not just spiritually, but a deeply political one for China, India, and the U.S.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment