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12.05.2025

12.05.2025Day US-China Trade Deal Cuts Tariffs

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This page is an archive of main headlines from Japan for 12.05.2025.

It displays 36 headlines from many sources chronologically, as they appeared throughout the day, accompanied by AI overviews that were written in real time.

12.05.2025Day US-China Trade Deal Cuts Tariffs
The US-China trade breakthrough dominated headlines throughout the day, with both nations agreeing to slash mutual tariffs by 11.5 percentage points during a 90-day cooling-off period. This substantial development follows days of bilateral tariff tensions that had impacted global markets. The US will lower cumulative tariffs from 145% to 30%, while China will reduce from 125% to 10%.

Reports indicated Trump plans direct phone talks with President Xi, suggesting further diplomatic engagement. Markets responded positively, with Hong Kong stocks jumping 3%.

In domestic news, Japan recorded its largest-ever current account surplus at 30 trillion yen for the previous fiscal year. Corporate restructuring continued as Sharp announced selling its Kameyama No. 2 LCD factory to parent Foxconn due to declining profitability, while Nissan revealed plans to cut an additional 10,000 jobs domestically and internationally.

Prime Minister Ishiba announced pension reform legislation will be submitted by mid-May.
12.05.2025

02:19Ancient Buddhist Statue Returns to Japan After 12-Year Korean Dispute

The newspapers report on a stolen 14th-century Buddhist statue being returned to Japan from South Korea after 12 years, ending a dispute that had contributed to bilateral friction (Kyodo News English). Global stock markets are showing significant recovery as US-UK and US-China tariff negotiations progress, with most markets exceeding pre-"mutual tariff" announcement levels (Nikkei Shimbun). Meanwhile, Prime Minister Ishiba has announced pension reform legislation will be submitted by mid-May (Yahoo News Japan). This occurs against the backdrop of ongoing US-China trade talks that reportedly made "substantial progress" in Geneva (The Japan Times).
02:42
02:57
03:22
05:07
シャープが液晶パネルを生産する亀山工場(三重県亀山市)のうち第2工場を、親会社である台湾の鴻海(ホンハイ)精密工業に売却することが12日、わかった。同工場で生産されたテレビは「世界の亀山モデル」としてシャープブランドの知名度向上をけん引した。中国勢の量産などでパネル価格が下落し、採算が悪化するなか、設備の売却で液晶パネル事業を縮小して業績を立て直す。 亀山工場では現在、主にスマートフォンやタブレ…
05:07

05:09China-US Launch New Economic Consultation Mechanism

The newspapers report on significant developments in US-China trade relations, with both countries agreeing to establish an economic consultation mechanism to handle mutual concerns following ministerial talks in Geneva (Kyodo News English, The Japan Times). In corporate news, Sharp is selling its Kameyama No. 2 LCD panel factory to parent company Foxconn (Hon Hai) as declining panel prices due to Chinese mass production have hurt profitability (Nikkei Shimbun). Meanwhile, South Korea's election campaign has officially begun, with candidates focusing on addressing economic challenges and supporting key industries (Nikkei Asia).
06:06
06:23

07:25US-China Reach Tariff Reduction Deal

The newspapers report on a breakthrough in US-China trade relations, with officials announcing a deal to reduce tariffs (The Japan Times, Nikkei Asia, Kyodo News). This follows the establishment of an economic consultation mechanism between the two powers. Meanwhile, Japan recorded its largest current account surplus ever at 30 trillion yen last fiscal year (Yahoo News Japan). In corporate news, Sharp is selling its Kameyama No. 2 LCD panel factory to parent company Foxconn due to declining profitability in the LCD panel business (Nikkei Shimbun).
07:32
【ワシントン=八十島綾平】トランプ米政権は中国政府との間で90日間の関税引き下げに合意したと発表した。ベッセント米財務長官は12日にスイスで開いた会見で「双方が関税を115%引き下げることで合…
07:32
08:24
【ワシントン=八十島綾平】トランプ米政権は12日、中国政府との間で90日間の関税引き下げに合意したと発表した。ベッセント米財務長官はスイスで開いた記者会見で「双方が関税を115%引き下げることで合意した」と述べた。 ベッセント氏は「どちら側もデカップリング(分断)を望んでいないという点で一致した」と話し、両国が緊張緩和に向かっていると強調した。 米国側は現在の累計145%の対中追加関税を、14日…
08:24
08:24

08:44US-China Agree to 11.5% Tariff Reduction

The newspapers report on a significant development in US-China trade relations, with both countries agreeing to reduce tariffs by 11.5% during a 90-day cooling-off period (The Japan Times, Nikkei Shimbun, Yahoo News Japan, Kyodo News). US Treasury Secretary Bessent emphasized that neither side desires "decoupling" and that tensions are easing. Meanwhile, Thai billionaire Dhanin Chearavanont warns that US Treasury selloffs could weaken America's global status and predicts Trump's "reciprocal" tariffs won't last (Nikkei Asia).
08:50
09:16
09:42
11:33

11:35US-China Slash Tariffs in Surprise Agreement

The newspapers report on a significant US-China trade agreement to mutually lower extra tariffs by 115 percentage points and suspend additional duties for 90 days (Kyodo News, Nikkei Asia, The Japan Times, Nikkei Shimbun). This surprise development includes plans for future discussions on fentanyl smuggling and America's trade deficit. Meanwhile, domestic news focuses on workplace issues with specialized teams handling tasks for employees on childcare leave (Huffington Post) and Nissan planning to cut an additional 10,000 jobs domestically and abroad (Yahoo News).
11:59
【ワシントン=八十島綾平、北京=塩崎健太郎】米中両政府は12日、互いに課した追加関税を115%引き下げることで合意したと発表した。米国は14日までに累計145%を30%に、中国は125%を10%にそれぞれ下げる。 米中は引き下げた関税のうち一部を90日間停止し、2国間で協議を続ける。ベッセント米財務長官は記者会見で「どちら側もデカップリング(分断)を望んでいないという点で一致した」と話し、両国が…
11:59
13:43

15:19US-China Slash Tariffs While Trump Plans Xi Call

The newspapers report on a significant US-China trade agreement to mutually reduce additional tariffs by 115 percentage points (Nikkei Shimbun, Nikkei Asia, Yahoo News Japan, The Japan Times, Kyodo News). The US will lower cumulative tariffs from 145% to 30%, while China will reduce its tariffs from 125% to 10%. Both countries will suspend a portion of these reductions for 90 days while continuing bilateral talks. US Treasury Secretary Bessent emphasized neither side wants "decoupling." Additionally, Yahoo News reports Trump intends to hold phone talks with Chinese President Xi.
16:52
17:09

20:14Taiwan Calls For Democratic Supply Chain Against China

The newspapers report on Taiwan President Lai's call for democratic nations to form a "non-red" supply chain to counter China's "unfair" trade practices (Nikkei Shimbun, Nikkei Asia). Lai urged Japan to take a leadership role in reshaping the Indo-Pacific economic landscape. This comes amid the backdrop of easing US-China trade tensions, with both countries agreeing to mutual tariff reductions and Trump planning talks with President Xi (Kyodo News, Japan Times, Yahoo News Japan).