U.S. tariff bazooka looks to reduce Japan Inc. earnings up to 10%

U.S. tariff bazooka looks to reduce Japan Inc. earnings up to 10% U.S. tariff bazooka looks to reduce Japan Inc. earnings up to 10%

TOKYO — Japan’s corporate earnings will likely come under considerable pressure from U.S. President Donald Trump’s aggressive trade war, according to American and Japanese financial institutions.

In a revised outlook, Goldman Sachs lowered this year’s earnings growth outlook for Asian equities, shaving 10% from Japan and Taiwan.