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Impact on Japanese Economy Unclear with Trump’s New Tariffs, Shifts Causing Confusion in Business Circles

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By Miyabi Endo and Chika Nakayama / Yomiuri Shimbun Staff Writers

14:36 JST, February 25, 2026

U.S. President Donald Trump’s administration imposed a 10% additional tariff on Tuesday as a replacement for the “reciprocal” tariffs ruled illegal by the U.S. Supreme Court. Trump has also indicated he may raise the rate to 15%, leaving the outlook for the Japanese economy uncertain.

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