Japan is close to China, and Japan Corporation's business continues to lean on the Chinese market. Biden's team keeps saying that they will be tough on China. But how tough? There are so many grades and so many ways. Under the Trump administration, Japanese companies were busy following the regulations in the U.S. and Japan and also changing the course of doing business.
Under the Biden administration, its approach to international trade and tariff legislation is not yet clearly defined. One thing for sure is that national policy and the private economy are intertwined like never before. Companies are looking for the information which can navigate and prepare them for next move.