Trump tariffs
Milder than expected effect on overall economy seen lifting corporate earnings
Japanese companies are seeing a smaller-than-expected hit from the Trump administration’s tariffs, thanks to supply chain adjustments and other measures. (Photo by Nikkei)
JUN MUTO and KOSUKE OKAMOTO
December 13, 2025 01:45 JST
TOKYO — Major listed Japanese companies have managed to reduce the impact of U.S. President Donald Trump’s tariffs by an estimated 300 billion yen ($1.9 billion) for the fiscal year ending March 2026 through such measures as prices hikes and supply chain adjustments.