Core Insights - Japan's exports to the United States have significantly declined due to tariff policies, with an overall decrease of 10.1% year-on-year in July [1] - The automotive sector has been particularly affected, with car exports dropping by 28.4% and auto parts exports decreasing by 17.4% [1] Export Data Summary - Overall exports from Japan to the U.S. in July decreased by 10.1% year-on-year [1] - Exports of automobiles from Japan to the U.S. fell by 28.4% [1] - Exports of automotive parts from Japan to the U.S. declined by 17.4% [1]

Core Viewpoint - South Korean exporters anticipate a 4.9% decline in exports to the United States this year if current tariff policies remain in place [1] Industry Summary - Among the top 1,000 exporting companies, 150 firms expect an average export reduction of 4.9% to the U.S. by 2025 [1] - The electrical and electronics sector is projected to experience the largest decline at 8.3%, followed by the automotive and auto parts industry at 7.9%, petrochemicals and petroleum products at 7.2%, and general machinery at 6.4% [1] - In contrast, the shipbuilding and pharmaceutical sectors expect growth in exports to the U.S., with increases of 10% and 1.6% respectively, despite ongoing tariff concerns [1] Company Sentiment - 81.3% of surveyed companies believe that tariff measures will negatively impact businesses in both countries [1] - Additionally, 14.7% of respondents feel that while the tariffs will adversely affect South Korean companies, they may benefit U.S. firms [1]