Japans exports fall in June hit by global trade wars

TOKYO — Japan says exports declined in June as shipments of goods were hit by global trade wars.The data released by the Finance Ministry Thursday show Japan’s exports declined 6.8% compared to the same month last year, while imports fell 5.2%.The ministry also reported that the trade surplus for the month totalled 589.5 billion yen ($5.5 billion).For the first six months of this year, Japanese exports slipped 4.7% while imports edged down 1.1%, with the nation logging a trade deficit of 888.8 billion yen ($8.2 billion).The Japanese economy is dependent on exports and has been hurt by the conflict between the U.S. and China.President Donald Trump has imposed 25% tariffs on $250 billion in Chinese imports. Beijing has countered by taxing $110 billion in U.S. goods.The Associated Press read more