Japan, Trump and tariffs
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Japan’s economy is heavily reliant on its car makers, who are expected to suffer a crippling blow from Donald Trump’s sweeping tariffs.
From Australian Financial Review
Trump said that a 25% tariff will be placed on all foreign-made automobiles imported into the U.S. becoming effective at midnight, April 3.
From Yahoo
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Japanese automakers have long relied on the "dependable and affordable" appeal of their economy cars to drive U.S. sales, thanks in part to low-cost production in Mexico. Now, U.S. President Donald Trump is turning that business model on its head.
Japan’s Prime Minister Shigeru Ishiba said Tuesday his government is making last ditch efforts to get U.S. President Donald Trump to exclude his country from an increase in auto tariffs due to take effect from Wednesday.
President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.
President Donald Trump’s auto tariffs, which went into effect at 12:01 am ET on Thursday, have the potential to upend a crucial American industry and raise the cost of tens of millions of cars sold every year across the country.
Japanese Trade Minister Yoji Muto said on Thursday that Japan is leaving all options open to respond to U.S. President Donald Trump's newly announced tariffs. In a press conference, Muto said he had held an online meeting with U.
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President Donald Trump's new 25% tariff on all cars and light-duty trucks takes effect in the U.S. on April 2. Here are frequently asked questions.
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Japanese Prime Minister Shigeru Ishiba said on Tuesday Tokyo will continue to push strongly for the United States to exempt Japan from auto tariffs. In a news conference, Ishiba also said the government will take measures,