Japanese Firms Lean Towards Kamala Harris Over Trump, Fearing Impacts of Trade War With China
A recent Reuters survey revealed that more Japanese companies prefer a Kamala Harris presidency over a second term for Donald Trump. This preference stems from concerns about protectionism and unpredictable policies under Trump. Such policies could change business strategies, particularly regarding foreign exchange, supply chains, and China operations. While 43% of firms favored Harris, only 8% supported Trump, with 46% stating either candidate would be acceptable. A renewed U.S.-China trade war would heavily affect Japan, a key U.S. ally with significant economic ties to the U.S. and China.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02A recent Reuters survey revealed that more Japanese companies prefer a Kamala Harris
00:07presidency over a second term for Donald Trump.
00:10This preference stems from concerns about protectionism and unpredictable policies under
00:14Trump.
00:15Such policies could force changes in business strategies, particularly regarding foreign
00:19exchange, supply chains, and China operations.
00:22With 43 percent of firms favored Harris, only 8 percent supported Trump, with 46 percent
00:28stating either candidate would be acceptable.
00:30A renewed U.S.-China trade war would heavily affect Japan, a key U.S. ally with significant
00:35economic ties to both the U.S. and China.
00:38For all things money, visit Benzinga.com.