US EditionUS automakers say Trump’s 15% tariff deal with Japan puts them at a disadvantage
UNITED STATES, JUL 23 – U.S. automakers say the trade deal lowers Japanese vehicle tariffs to 15% but keeps higher tariffs on Mexico and Canada, creating a competitive disadvantage, the American Automotive Policy Council said.
- The Trump administration announced a 15 percent tariff on imports from Japan, according to Trump.
- American consumers will face higher costs due to a 650 percent tax increase relative to existing tariffs on Japanese products, as reported by the World Bank.
- General Motors reported a $1.1 billion profit drop, attributing it to tariff increases on raw materials from Japan.
- Matt Blunt criticized the deal for disadvantaging American manufacturers compared to Japanese competitors.
216 Articles
216 Articles
US automakers say Japan deal unfair
U.S. automakers worry that President Donald Trump's agreement to tariff Japanese vehicles at 15% would put them at a competitive disadvantage, saying they will face steeper import taxes on steel, aluminum and parts than their competitors.
Japan PM vows "steady" implementation of U.S. tariff deal
Prime Minister Shigeru Ishiba said Friday he wants to oversee the "steady" implementation of a recently clinched trade deal with the United States as the embattled leader met with opposition leaders amid pressure from inside his own party to resign.
Trump's Trade Deal With Japan A Tax On Americans — Economist Says, 'Not Remotely Optimistic' US Auto Companies Will Gain As Toyota And Honda Stocks Rally - General Motors (NYSE:GM), Subaru (OTC:FUJHY)
Economist Justin Wolfers is pushing back against the narrative surrounding President Donald Trump’s new trade agreement with Japan, arguing that the deal essentially results in a tax increase for American consumers. What Happened: On Thursday, in a post on X, Wolfers addressed what he refers to as a “confusion in the reporting” of Trump’s latest trade deal with Japan. “So let me clarify,” he says, accompanied by a video of his recent appearance …
US automakers say Trump trade deal gives unfair edge to Japan
U.S. car companies are protesting President Donald Trump’s new trade deal with Japan, saying it gives that country’s automakers an unfair advantage. The deal calls for a 15% tariff on Japanese-made vehicles, far less than the levies American companies have to pay on imported steel, aluminum and other parts to manufacture vehicles domestically. Copy URL Save image Email Facebook Twitter / X Reddit Unbiased. Straight Facts.TM…
Coverage Details
Bias Distribution
- 62% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
