Bank of Japan Governor Kazuo Ueda warned in his speech in parliament that the extensive tariffs planned by the United States could seriously disrupt the global trade order and have varying degrees of impact on the economies of various countries.

The impact of US tariff policies on the global economy is highly uncertain, but if it involves a wide range, it may have a significant impact on trade activities of various countries. "- Kazuo Ueda, Governor of the Bank of Japan

US President Trump is about to announce new tariff measures on Wednesday evening, including a 25% tariff on car imports and a series of higher tariffs on goods from major Asian countries. The White House spokesperson stated that these tariffs will take immediate effect.

Ueda Kazuo also emphasized that the ultimate impact of US tariffs depends on the reactions of businesses and consumers. If market sentiment is severely impacted, it may lead to a slowdown in business investment, a decrease in consumer spending, and exacerbate economic uncertainty.

Recent global manufacturing data has shown weak performance, with companies reducing investment due to uncertainty in tariff policies, dragging down economic growth. Data shows that manufacturing activity declined in Japan, the UK, and the US in March.

The G20 Finance Ministers and Central Bank Governors Meeting is scheduled to be held in Washington this month, and it is expected that the potential negative impact of US tariff policies will become a focus of discussion. The Bank of Japan has not confirmed whether Kazuo Ueda will attend the meeting, but the Japanese Minister of Finance usually attends.

Tariffs may push up US inflation in the short term, but in the long run, high tariffs may suppress economic growth and price increases. "- Kazuo Ueda, Governor of the Bank of Japan

The impact of US tariff policies will become an important reference factor for the Bank of Japan's next policy decisions. The Bank of Japan will hold a policy meeting from April 30th to May 1st, and market analysts generally predict that the bank may raise interest rates again in the third quarter, most likely in July.

Editor's viewpoint:

The US tariff policy not only affects the global trade pattern, but may also change the monetary policy path of major economies. If tariffs trigger a rebound in inflation, the Federal Reserve may be forced to adjust its interest rate cut expectations, and the Bank of Japan's interest rate hike plan may also be postponed.

In addition, the global manufacturing industry is showing signs of fatigue, and if the United States imposes tariffs, it may further undermine market confidence, suppress investment and consumption.