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Japan’s carmakers reckon with tariffs that may cost $25 billion a year
The anxiety is palpable in Toyota City, the “Detroit of Japan,” as it braces for the impact of the Trump administration’s 25 percent tariff on foreign-made cars.
How automakers are responding to the 25% car tariffs so far
It's only been a few days since President Trump's 25% tariffs on foreign cars took effect. But the import surcharge has led to some immediate changes, including layoffs and pauses in car shipments.
Tariffs on autos, auto parts remain in place despite Trump's 90-day pause
President Donald Trump announced a 90-day pause on most of the reciprocal tariffs on imports he announced the prior week ‒ but the hold does not include a suspension of 25% tariffs on imported autos and auto parts into the United States.
Trump's tariff tantrum showed why he's wrong about global trade
President Donald Trump hoped to use tariffs to reset the global economy, but instead he just showed why the current system works.
Trump pauses steeper tariffs for most countries, while hiking levies on China. Here’s what we know.
A number of import taxes are still in place, and with many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand.
South Korean Auto Stocks Fall Sharply Amid Tariff Woes
Trump's tariff pause doesn't apply to the 25% U.S. auto levy already effective since early April. The U.S. auto tariff could cost Hyundai Motor an extra expense of 8.800 trillion won, equivalent to $6.
Japan could lose $17 billion in car exports due to US tariffs, says UN trade agency
Japan could lose $17 billion in car export potential in the U.S. following President Donald Trump's decision to introduce 25% tariffs on the automotive sector, the International Trade Centre said on Friday.
Japan’s Ishiba says he will push for US auto tariffs exemption
Japan’s Prime Minister Shigeru Ishiba says 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 this week.
ConsumerAffairs3d
$24 billion is the U.S. tariff tab for Japanese automakers
Trump administration tariffs could cost Japanese carmakers over ¥3.5 trillion ($24 billion), with Toyota alone accounting for $12 bill
Trump’s Tariffs Are Already Reducing Car Imports and Idling Factories
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.
Japan to make strong push for exemption from Trump auto tariffs
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Trump has long misled with claims about global trade and tariffs | Fact check
Across his political career, President Donald Trump has made his case for tariffs by relying on a number of false and misleading claims. Here’s a guide.
EconoTimes4d
Japan Stocks Plunge Amid Trump’s New Tariffs and Auto Import Crackdown
Japans stock market took a sharp hit on Monday, with the Nikkei 225 index plummeting nearly 9% to a 17-month low of 30,629.50, following U.S. President Donald Trumps sweeping tariff announcement. As of 01:05 GMT,
US tariffs upend Japanese carmakers' Mexico gambit - and add to Nissan's woes
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 'disappointed' in Trump tariffs, will support businesses
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.
Luxury cars, watches, toys not being shipped to US over tariffs — here are some of the brands being held back
Normally in demand items will soon be hard to find in America as companies hold off on shipping their goods here.
Auto giants fall to extend losses as Trump's sweeping global tariffs take effect
Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect.
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