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In an interview with the Yomiuri newspaper published on Tuesday, association chairman Takeshi Niinami said it had become clear that the tariffs announced by Washington meant it was “no longer the same as it used to be, and other nations should not rely on it”.
He added that the response from world markets to the on-again, off-again tariffs has reflected their chaotic implementation, increasing uncertainty in the global economy.
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While some anticipate that the US may return to normality after Trump leaves office, Niinami noted that this was not guaranteed since Trump was elected by individuals who were angry because they believed that globalisation had cost them jobs, widened the gap between rich and poor, and exacerbated societal divisions.