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Japan firms must prepare for Trump tariff fallout

Thursday, 23 January 2025



DAVOS (Switzerland), Jan 22 (Reuters): Japanese companies remain bullish about investing in the United States but need to prepare for supply chain shocks that could arise during Donald Trump's presidency, the chief executive of drinks giant Suntory Holdings said on Wednesday.
Takeshi Niinami, who also heads one of Japan's biggest business lobbies, said on the sidelines of the World Economic Forum's (WEF) Davos meeting that it is important for firms to show that their investments will create jobs in the US.
A survey last week showed that most Japanese firms operating in the United States are bracing for new tariffs. "Tariff imposing by the Trump administration would create huge, unexpected changes in the supply chain landscape," Niinami told the Reuters.