Japan warns of 'significant impact' from US tariffs
- US President Donald Trump announced a 25 percent tariff on cars not made in the United States, effective April 3, significantly affecting Japanese automakers.
- Japanese Prime Minister Shigeru Ishiba stated that Japan is considering 'appropriate measures' in response to the tariffs and emphasized Japan's significant investments in the US.
- Brazilian President Luiz Inácio Lula da Silva criticized Trump's tariff policy, arguing it would harm both the American economy and free trade globally, leading to higher prices for consumers.
- Japan's Chief Cabinet Secretary Yoshimasa Hayashi expressed that Trump's decision was 'extremely regrettable' and urged for Japan to be exempt from the tariffs.
124 Articles
124 Articles
U.S. auto tariffs to have extremely large impact on Japan economy: PM
The U.S. government's plan to impose an additional 25 percent tariff on auto imports will have an "extremely large impact" on the Japanese economy, Prime Minister Shigeru Ishiba warns, as exports are a major driver of the Asian country's growth.
Trump Tariffs Set to Deal Heavy Blow to Japanese Automakers, Drag Down Japanese Economy
The United States’ move to impose added tariffs on cars will likely be a major blow to Japanese automakers, which export many vehicles to the States from Japan, Mexico and Canada. As Japan’s auto industry has a broad range of companies supporting it, the entire Japanese economy could take a hit if the industry falters.
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