Japan has issued a warning about the uncertainties created by President Trump’s trade policies. The Japanese government cautioned that the uncertainties generated by the trade policies of the United States could harm the global economy. In its monthly report, the government indicated that President Donald Trump’s customs duties have increased the downward risks to economic growth prospects and warned about the impact of market fluctuations. On Wednesday, Trump stated that significant progress had been made in the first negotiations on customs duties with a Japanese trade delegation in Washington. This meeting was one of the few face-to-face discussions held since the customs duties, announced by Trump targeting global imports, which have shaken the markets and strengthened recession concerns. Both countries are planning to hold a second meeting later this month. Japan’s Cabinet Office stated in its monthly report for April, released today, that “the economy is modestly recovering, but uncertainties stemming from U.S. trade policies persist.” It emphasized that the country’s economy is in a process of modest recovery, influenced by a strong corporate sector. The report mentioned that the government expects the economy to continue recovering, but warned that high U.S. customs duties could negatively impact Japan through trade and market fluctuations.