The head of the influential business association in the Japanese Association of Executive Managers urged the country and its companies to limit its dependence on we As a major commercial partner and instead strengthening supply chains with emerging and developing countries in South Global.
While economists who spoke this week in Asia on a large scale agreed that Japanese companies need to diversify their markets and partnerships, they warned that no other market can match the size of the United States and the importance of the United States – even amid the unrest caused by the president Donald TrumpC commercial policies.
In an interview with the Yomiuri newspaper, published on Tuesday, the president of the association, Takeshi Niinami, said that it has become clear that the customs tariff announced by Washington means that it was “no longer as it was before, and other countries should not rely on it.”
When countries have defended all over the world to enhance their economies and establish new trade alliances, Japan “You should act immediately to enhance her competitiveness with a sense of urgency,” Ninami said.
He added that responding from global markets to indirect customs tariffs may reflect its chaotic implementation, which increased uncertainty in the global economy.
While some expect the United States to return to normal life after Trump leaves his post, Ninami indicated that this was not guaranteed since Trump was elected by individuals who were angry because they believed that globalization had cost them jobs, and the gap between the rich and poor sections, and the exacerbation of societal divisions.
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