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.

Most Japanese companies are staying the course despite U.S. President Donald Trumps tariffs, according to a Reuters survey conducted by Nikkei Research between June 413. Among 220 responding firms, 71% said the impact