Japan's Exports Post First Drop in 8 Months as US Tariffs Hit Auto Firms

Japan's exports fell in May for the first time in eight months as big automakers like Toyota were hit by sweeping U.S. tariffs, and the failure of Tokyo to clinch a trade deal this week will likely pile pressure on a fragile economy.

Prime Minister Shigeru Ishiba said after the Group of Seven summit in Canada on Tuesday his country had not reached a comprehensive tariff agreement with Washington as some disagreements persisted between the two nations.

Japan and the U.S. "explored the possibility of a deal until the last minute," he added...

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