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International Business Times
International Business Times
Business

Japan's SMEs Ready To Adapt To Trump Tariffs

Mitsuwa Electric produces coils, rods, needles, plates, pipes and wires for a range of goods including car lights, photocopiers and X-ray machines, and has customers across Asia, Europe and North America (Credit: AFP)

Small and medium-sized firms like Mitsuwa Electric that form the backbone of Japan's economy have weathered many storms over the decades, and company president Yuji Miyazaki is hopeful they will also withstand Donald Trump.

As part of a campaign against friend and foe, the US president has threatened 25 percent tariffs on imports of Japanese goods from August 1, having already imposed tough levies on its vehicles, steel and aluminium.

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