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Japan’s exports rise 6% in November as shipments to the US bounce back

BANGKOK (AP) — Japan’s exports climbed 6% in November from a year earlier, with shipments to the United States rising for the first time since March as uncertainties over tariffs abated following a trade deal with the Trump administration.

The preliminary data released Wednesday showed Japan’s total imports rose 1.3% last month over a year earlier, leaving a surplus of 322.2 billion yen (about $2.1 billion).

Exports to the U.S. rose nearly 9% from the year before as shipments of cars, chemicals and cameras helped make up for declines in machinery and iron and steel. Imports of U.S. oil nearly tripled, along with sharp increases in imports of grain and other food products.

Japan’s deal on tariffs with President Donald Trump’s administration, setting the baseline import duty for most products at 15% instead of the earlier plan for a 25% tariff, helped boost passenger car shipments by 8% when measured by the number of vehicles. But the value of those cars, trucks and buses inched up only 1.5%, reflecting the reluctance of automakers to pass costs from higher tariffs onto consumers.

Imports from the U.S. climbed more than 7%, though Japan still logged a trade surplus of 739.8 billion yen ($4.7 billion), up 11% from a year earlier.

Japan’s exports to the European Union surged about 20% last month from a year earlier, supported by growth in demand for machinery, vehicles and other manufactured goods.

But tensions with Beijing after Prime Minister Sanae Takaichi commented on defense of Taiwan took a toll, with exports to China falling 2.4% on weaker shipments of chemicals, machinery and vehicles.

Despite a nascent recovery in trade with the U.S., its largest trading partner, higher tariffs are likely to continue to weigh on exports, Norihiro Yamaguchi of Oxford Economics said in a report.

Still, he forecast that Japan’s exports will likely improve in the coming year.

“Spillovers from robust U.S. AI-related spending will likely support exports as well,” Yamaguchi said.

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

WELLINGTON, New Zealand (AP) — Beijing banned four New Zealand lawmakers from traveling to China for a year and demanded they apologize because they visited Taiwan on a parliamentary trip, according to a message from the Chinese embassy conveyed via parliamentary officials and shown to The Associated Press on Thursday. China has hit lawmakers from other countries with sanctions related to contact with Taiwan before, but it's the first time for New Zealand parliamentarians, the government in Wellington said. Beijing has been increasing pressure in recent years on the democratically governed island that it claims as its own territory. Two lawmakers reached by the AP on Thursday rejected the demand for an apology, while the other two could not be immediately reached. New Zealand's government said it would express concern about the travel bans to Beijing. The elected officials visited Taipei in May, as New Zealand parliamentarians have done “for decades,” a spokesperson for Foreign Minister Winston Peters said in a statement.
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