The Japanese government issued a warning about the uncertainties created by U.S. President Trump’s trade policies. In its monthly report, the government stated that the uncertainties arising from the trade policies of the United States could harm the global economy. It highlighted that President Donald Trump’s customs duties increased the downward risks to the economic growth outlook and cautioned about the effects of market fluctuations. On Wednesday, Trump mentioned significant progress in customs duty negotiations with a Japanese trade delegation in Washington. This meeting was one of the few face-to-face meetings held since the customs duties announced by Trump, which shook the markets and strengthened recession concerns. Both countries are planning a second meeting later this month. The Cabinet Office of Japan stated in its monthly report for April released today that “the economy is recovering moderately, but uncertainties arising from U.S. trade policies persist.” It emphasized that the country’s economy is in a mild recovery process due to the influence of a strong corporate sector. The report indicated that the government expects the economy to continue recovering, but warned that high U.S. tariffs could negatively impact Japan through trade and market fluctuations.