Nikkei Dips as U.S. Tariff Fears Loom

2349 GMT — Japanese shares could decline due to ongoing concerns regarding U.S. import taxes. President Trump announced that the U.S. will impose a 30% tax on products coming from the European Union and Mexico starting August 1. Nikkei futures dropped 0.5% to 39340 on Singapore Exchange. The exchange rate for USD/JPY stands at 147.28, up from 146.88 recorded at the end of Friday's trading session in Tokyo. Market participants are closely watching updates concerning U.S. trade policies and local regulatory actions before the upcoming upper house election later this month. On Friday, the Nikkei Stock Average decreased by 0.2%, reaching 39569.68. kosaku.narioka@wsj.com )