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2025-08-01 11:08:30
[US tariffs may cause Japan's GDP to drop by 0.5%] Regarding the 15% tariff imposed by the United States on Japanese products starting on August 1, Tsunetomo Hitoshi, executive director of the Shizuoka Institute of Economic Research, said that the US tariff measures may cause Japan's GDP to drop by about 0.5%. Tsunetomo Hitoshi also said that the current US practice violates the basic principles of the World Trade Organization. If all countries in the world adopt unilateralism and protectionism, it will exacerbate the fragmentation of the global economic system.
