Japan has reported its exports fell in May as shipments of autos to the U.S. dropped nearly 25% from a year earlier due to higher tariffs imposed by President Donald Trump.

Japan's exports fell in May for the first time in eight months as big automakers like Toyota were hit by sweeping U.S. tariffs, and the failure of the Asian nation to clinch a trade deal this week will likely pile pressure on its fragile economy.

TOKYO—Japan’s exports fell for the first time in eight months in May, bolstering views that the impact of President Trump’s tariffs could tie the Bank of Japan’s hands on rate hikes.Exports, a main engine of growth for Japan’s economy,

Japan's Prime Minister Shigeru Ishiba said his country has not reached a comprehensive tariff agreement with the United States as some disagreements persist between the two nations. Ishiba, talking to reporters after the Group of Seven summit on Tuesday,

Japan will prioritize protecting its national interests in trade talks without rushing into a deal with the US, Japanese Prime Minister Shigeru Ishiba said as he wrapped up two days of meetings at the Group of Seven gathering.

Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump did not reach a tariff agreement, Fuji TV reported on Tuesday.