Economic Uncertainty from the New U.S. Administration’s Protectionist Economic Policies
First written in FY2017-Q2. 8 of 14 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- FY2026-H1DroppedAnnual report
「Although China entered a slowdown trend due in part to the slump in its real estate market, the United States and European countries generally remained firm.」
There is no separate reference to the protectionist or trade policies of previous US administrations. The discussion of the global economy instead focuses on China's slowdown and generally firm conditions in the United States and Europe. - FY2025-H1Re-emergenceAnnual report
「Developments in the trade policies of the Trump administration in the United States」
The trade policies of the US administration, which had previously disappeared as a separate item, are again explicitly identified as a risk factor for the global economy. - FY2020DroppedAnnual report
「Within the Group, the trading business expects growing demand for greater operational efficiency and labor saving against the backdrop of labor shortages caused by Japan's declining birthrate and aging population, but」
The current description of the operating environment contains no separate references to US protectionism or US-China trade friction as in the past. - FY2020-Q1RestatedAnnual report
「In addition to concerns about U.S.-China trade frictions and Brexit, the global spread of COVID-19 resulted in continued uncertainty across the broader economy.」
Trade issues, including US-China trade friction, continue to be listed as a source of uncertainty for the global economy. - FY2019RestatedAnnual report
「Japan's economy is expected to remain on a gradual recovery trend, with domestic demand remaining firm against the backdrop of various government policies and the hosting of the Tokyo Olympic and Paralympic Games. Overseas, however, attention must be paid to developments in trade friction between the United States and China, rising tensions in the Middle East, and the fiscal and monetary policies of individual countries, and the operating environment is expected to remain uncertain.」
Trade friction between the United States and China continues to be listed as a source of uncertainty for the global economy. - FY2019-Q3RestatedAnnual report
「Overseas, although uncertainty continued across the global economy, including due to trade tensions between the United States and China and the slowdown in the Chinese economy」
Trade issues between the United States and China continue to be listed as a source of uncertainty for the global economy. - FY2019-Q2RestatedAnnual report
「Trade issues, including US-China trade friction」
The trade friction resulting from US protectionist policies continues to be listed as a source of uncertainty for the global economy. - FY2019-Q1ReframedAnnual report
「Overseas economies remained uncertain due to numerous concerns, including U.S.-China trade frictions and Brexit.」
The description has shifted from focusing on US protectionist policies themselves to identifying the US-China trade friction issue specifically as a source of uncertainty for the global economy. - FY2018-Q3WorsenedAnnual report
「The situation remained uncertain, owing in part to trade friction between the United States and China resulting from the protectionist economic policies of the Trump administration in the United States.」
In addition to concerns about the US protectionist policies themselves, the emergence of trade friction is listed as a source of uncertainty. - FY2018-Q2RestatedAnnual report
「The protectionist economic policies of the Trump administration in the United States」
The protectionist economic policies of the US administration continue to be listed as a source of uncertainty regarding the outlook for the global economy. - FY2018-Q1RestatedAnnual report
「The protectionist economic policies of the new US administration」
The protectionist economic policies of the new US administration continue to be listed as a source of uncertainty for the overall economy. - FY2017RestatedAnnual report
「The protectionist economic policies of the new US administration」
The protectionist economic policies of the new US administration continue to be listed as a source of uncertainty for the overall economy, including exchange-rate trends. - FY2017-Q3RestatedAnnual report
「The protectionist economic policies of the new US administration」
The protectionist economic policies of the new US administration continue to be listed as a source of uncertainty for the overall economy. - FY2017-Q2First statedAnnual report
「The protectionist economic policies of the new US administration」
The protectionist economic policies of the new US administration are listed independently for the first time as a source of uncertainty for the overall economy, including exchange-rate trends.