Recently, a series of developments in the US economy have drawn widespread attention, among which the chain reaction brought about by the tariff policy has become the focus.
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Japan recently released its Q2 economic data, showing that its gross domestic product (GDP) grew by 0.2% quarter-on-quarter.
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On August 7th local time, the Nikkei Shimbun reported that due to the US government's auto tariffs, Toyota, Honda, and other seven major Japanese automakers expect that their combined operating profits for the fiscal year 2025, from April 2025 to March 2026, will decrease by approximately 2.67 trillion yen, equivalent to about 130.2 billion yuan, which is more than 30% of the profits of the seven automakers in the previous fiscal year.
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President Trump officially implemented hefty import tariffs on several countries on August 7th. Since announcing the policy in April, despite the Trump administration's belief that it would boost the US economy, its negative impact has gradually become apparent.
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Recently, the US tariff policy has once again become the focus of the international economic arena. The US has adjusted tariffs on multiple countries.
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According to recent data from the Japanese Ministry of Internal Affairs and Communications, the total population of Japan is about 120.65 million, which has been decreasing for 16 consecutive years, and the population decline has exceeded 900000 for the first time in a year, reaching a new high since statistics began in 1968.
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In today's closely intertwined global economy, any change in trade policies can have far-reaching impacts.
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On Tuesday (August 5th), the Institute for Supply Management (ISM) of the United States released key data showing that the Purchasing Managers' index (PMI) for the services sector unexpectedly dropped to 50.1 in July, only slightly above the boom-bust line, hitting the lowest level since July 2020.
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In August 2025, a seismic shift in US politics shook the foundations of global trust in US economic data. President Trump abruptly fired Erica McEnterfer, director of the Bureau of Labor Statistics, accusing her of "data fabrication" and planning to install a close aide to take over key statistical positions.
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When the politicians in Brussels signed the $1.35 trillion tariff agreement, they might not have imagined that the trade deal reached between the US and the EU was dragging the EU into an unprecedented structural crisis.
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On August 29, 2025, the United States Court of Appeals for the Federal Circuit ruled by a 7-4 vote that most of the global tariff policies implemented by the Trump administration were illegal, determining that they exceeded the president's legal authority.
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