Japan issued a warning about the uncertainties created by President Trump’s trade policies. The Japanese government cautioned that the uncertainties caused by US trade policies could harm the global economy. In its monthly report, the government stated that President Donald Trump’s customs duties increased downward risks to the economic growth outlook and warned about the effects of market fluctuations. On Wednesday, Trump said significant progress was made in customs duties during the first negotiations with a Japanese trade delegation in Washington. This meeting was only one of the first face-to-face meetings since the customs duties, which have shaken markets and strengthened recession concerns, were announced to be applied to global imports by Trump. The two countries are planning a second meeting later this month. Japan’s Cabinet Office stated in its monthly report for April released today, “The economy is recovering moderately, but uncertainties stemming from US trade policies persist.” It emphasized that the country’s economy is in a moderate recovery process thanks to a strong corporate sector. The report mentioned that the government expects the economy to continue recovering, but it also pointed out that the high customs duties imposed by the US could adversely affect Japan through trade and market fluctuations.