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12.05.2025

Day 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 39 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
03:17
【ワシントン=八十島綾平】トランプ関税への対応を巡り米中両政府がスイスで開いた初の閣僚級協議が、現地時間11日午後(日本時間12日未明)に終了した。出席したベッセント米財務長官は米メディアなどに「確かな進展があった。協議は生産的だった」と語った。 ベッセント氏は協議の詳細は12日に説明すると話した。トランプ米大統領には協議内容を報告したとしている。 協議に出席した米通商代表部(USTR)のグリア…
03:17 (18:17 in your timezone)
03:33
【ワシントン=八十島綾平】トランプ関税への対応を巡り米中両政府がスイスで開いた初の閣僚級協議が、現地時間11日午後(日本時間12日未明)に終了した。出席したベッセント米財務長官は米メディアなどに「確かな進展があった。協議は生産的だった」と語った。 ベッセント氏は協議の詳細は12日に説明すると話した。トランプ米大統領には協議内容を報告したとしている。 協議に出席した米通商代表部(USTR)のグリア…
03:33 (18:33 in your timezone)
03:58
04:32

04:33 (19:33)Zelensky Awaits Putin in Turkey for Peace Talks

The newspapers report on Ukraine-Russia diplomatic developments, with President Zelensky saying he will "wait for Putin in Turkey" to participate in negotiations (Nikkei Shimbun). In economic news, there's "substantial progress" in US-China trade talks, with details to be announced Monday (Nikkei Asia). Meanwhile, Prime Minister Ishiba continues to firmly demand the US lift auto tariffs imposed on Japanese vehicles (Japan Times).
06:29
07:15
07:16
08:28

08:30 (23:30)US-China Trade Talks Yield "Substantial Progress"

The newspapers report on diplomatic developments with US-China trade talks showing "substantial progress" in Geneva (The Japan Times, Nikkei Asia). South Korea's presidential election has begun with the opposition candidate leading (Yahoo News Japan). In domestic news, a scandal has emerged at Tokyo University involving suspected "entertainment services" with serious implications for a government-dispatched compliance officer (Japan Business Press). Meanwhile, international coverage continues on President Zelensky saying he will "wait for Putin in Turkey" for potential peace negotiations (Nikkei Shimbun).
08:36
08:45
08:52
世界の株式相場が急速に持ち直している。米英や米中など関税を巡る2国間の貿易交渉が進展し、世界の株式相場の8割程度が「相互関税」の発表前の水準を先週上回った。投資家心理は悲観から楽観へと一気に切り返したが、急ピッチな株価上昇には戸惑う声もある。 トランプ関税の「ディール」が本格始動した。8日にはトップバッターの英国と貿易協定を妥結した。米国は英国車への関税を軽減する「輸入枠」を設けることになり、自…
08:52 (23:52 in your timezone)
11:17

11:19 (02:19)Ancient 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).
11:42
11:57
12:22
China has agreed with the United States to establish an economic and trade consultation mechanism to discuss issues of mutual concern following ministerial-level talks in Geneva over the weekend, official media reported Monday.
12:22 (03:22 in your timezone)
14:07
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…
14:07 (05:07 in your timezone)

14:09 (05:09)China-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).
14:49
15:06
15:23
16:23

16:25 (07:25)US-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).
16:32
【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…
16:32 (07:32 in your timezone)
16:58
17:07
17:15
17:24
【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…
17:24 (08:24 in your timezone)
17:24
17:41

17:44 (08:44)US-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).
17:50
18:16
18:42
The United States and China have agreed to mutually lower extra tariffs on each other's imports by 115 percentage points and suspend additional 24 percent duties for 90 days, a joint statement released by the two countries showed Monday.
18:42 (09:42 in your timezone)
19:49
20:33

20:35 (11:35)US-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).
20:59
【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…
20:59 (11:59 in your timezone)
20:59
21:59
22:43
22:43