- 2.6%

Japan's exports recorded their steepest decline in over four years in July, with both main markets USA and China weakening.

🚗 Auto Collapse: Vehicle exports to the US plummeted 28.4 percent, despite tariff reduction from 25 to 15 percent in the July 22 trade agreement.

📉 Double Blow: Shipments to the US fell 10.1 percent, to China by 3.5 percent, only Hong Kong surged with plus 17.7 percent.

Watch: Japan's export model under pressure, economists warn of possible recession due to US tariffs.