Corporate Japan warns of $28bn blow from US tariffs

Corporate Japan warns of $28bn blow from US tariffs

Top 100 companies either estimate a big hit to profits or say extreme uncertainty hinders efforts to predict impact

Business debts to HMRC average £28BN per month as ‘tariff trauma’ bites

Business arrears to HMRC are running at an average of £28 billion per month, as companies grapple with rising National Insurance (NI) costs and economic shockwaves from US tariff increases.

Japan firms expect a $28 billion hit from U.S. tariffs

Japan’s largest companies said U.S. tariffs could erode annual profits by tens of billions of dollars, with the probability of a bigger impact in the event of a recession. According to Financial Times calculations based on company guidance during the current full-year earnings season, firms like Toyota, Sony, and Mizuho could face a loss of 4 trillion yen ($27.6 billion). The nearly $28B total was calculated by adding up tariff impact figures pr…