TOKYO, April 16 (Reuters) -
Japanese rubber futures declined on Wednesday as uncertainty over tariffs imposed by U.S. President Donald Trump and their potential impact on global economic growth and consumption weighed on sentiment.
The Osaka Exchange (OSE) rubber contract for September delivery JRUc6, 0#2JRU: was down 6.5 yen, or 2.2%, at 292.9 yen ($2.1) per kg as of 0126 GMT.
The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery SNRv1 fell 120 yuan, or 0.8%, to 14,810 yuan ($2,025) per metric ton.
Decoupling is no longer just a political slogan. For the past decade, American administrations have tempered their references to China as an adversary by also talking up how the Asian country could be a potential partner. That optimism is largely gone.
Trump has ratcheted up tariffs on Chinese goods to eye-watering levels, prompting Beijing to slap retaliatory duties on U.S. imports in an intensifying trade war between the world's two biggest economies that markets fear will lead to a global recession.
China has ordered its airlines not to take further deliveries of Boeing BA.N jets in response to the U.S. decision to impose 145% tariffs on Chinese goods, Bloomberg News reported on Tuesday.
China's economy is expected to have slowed in the first quarter in the face of a prolonged property downturn, as policymakers brace for the impact of hefty U.S. tariffs that analysts say pose the biggest risk to the Asian powerhouse in decades.
The yen JPY=EBS traded at 142.85 against dollar, compared with 143.07 in late Tuesday trade in Asia. USD/
A stronger currency makes yen-denominated assets less affordable to overseas buyers. FRX/
Japan's Nikkei .N225 was down 0.4%.
The front-month rubber contract on Singapore Exchange's SICOM platform for May delivery STFc1 last traded at 166.0 U.S. cents per kg, down 1.5%.
($1 = 7.3151 yuan)
($1 = 142.8600 yen)