15:11โขChina Cuts US Tariffs As Nissan Crisis Deepens
โจThe newspapers report on China's decision to reduce retaliatory tariffs against the US starting May 14 (Yahoo News Japan), marking a new development in the ongoing trade tensions. Meanwhile, Nissan's financial crisis continues to dominate headlines, with the automaker announcing plans to close seven factories globally and cut 20,000 jobs following a massive $4.5 billion net loss, partly attributed to Trump tariffs (Nikkei Shimbun, Nikkei Asia, Kyodo News). Additionally, consumption tax remains a central issue in Japan's upcoming Upper House election debate (Japan Times).