Japan firms see Harris presidency as better for business than Trump, Reuters survey shows

High-rise buildings are seen at the Shinjuku business district during sunset in Tokyo, Japan, on Mar 7, 2017. TOKYO: More Japanese companies believe a Kamala Harris presidency in the US would be better for their businesses than a second Donald Trump administration, a Reuters survey showed on Thursday , reflecting the respondents concerns about protectionism and policy unpredictability.

"There is a possibility that trade war, economic friction and security threats will be brought about under another Trump administration, forcing us to change our business strategy," a manager at a ceramics manufacturer wrote in the survey. Trump has floated the idea of a 10 per cent universal tariff on US imports, which could disrupt international markets, and a tariff of at least 50 per cent on Chinese goods.

China's economy grew much slower than expected in the second quarter and its exports rose at their slowest pace in three months in July, adding to concerns about the outlook for its vast manufacturing sector.

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