Trump announces a 25% tariff, Japan's economy may suffer a devastating blow.

[Coin World] U.S. President Trump announced that starting from August 1, a 25% tariff will be imposed on imported products from Japan. Tanisada Hiromi, chief economist of a certain economic research institution, stated that if the 25% tariff is widely applied to other categories of goods, it will constitute a fatal blow to manufacturers in almost all industrial sectors in Japan. In fact, this impact has already begun to manifest, as many small and medium-sized enterprises that produce parts for large companies have seen their orders cut off. The issue is no longer one of "potential occurrence," but rather "is happening." This will have a devastating impact on the overall economy of Japan. Recently, the Cabinet Office of Japan announced that the May Economic Outlook Index showed that the overall assessment of the economic situation turned to "deterioration" for the first time since July 2020, indicating a high likelihood that Japan's economy is in a recession.