President Donald J. Trump signed a new executive order on July 31, revising tariffs on imports from various countries to address persistent US trade deficits, with Taiwan facing a 20% ad valorem duty, a reduction from the 32% rate announced in April but higher than rates imposed on allies like Japan and South Korea.
Murata released its financial results for the second quarter of 2025, reporting consolidated operating profit of JPY61.6 billion (US$414.5 million), down 7.2% year-over-year; net profit was JPY49.7 billion, a decrease of 25% year-over-year. Although these figures exceeded market expectations, net profit declined for the first time in nearly two years due to yen appreciation and intense competition from Chinese manufacturers in the smartphone electronic components market.