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‘This is nuts:’ New U.S. auto tariffs to devastate sector, raise consumer costs: industry

  • The United States will impose a 25% tariff on imported automobiles starting April 3, according to U.S. President Donald Trump.
  • This tariff targets all countries, including Japan, and violates the Japan-U.S. Trade agreement established in 2020.
  • Flavio Volpe, president of the Automotive Parts Manufacturing Association, warns that this could shut down the industry and lead to job losses for Americans.
  • Automobiles account for about 30% of Japan's exports to the U.S., which could lead to a significant economic impact if costs rise, as indicated by industry experts.
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S&P Global Mobility: March 2025 US auto sales potentially ride one last wave

S&P Global Mobility projects that US auto sales in March will crest over 1.45 million units, as consumers and automakers try to get ahead of tariffs

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npr broke the news in Washington, United States on Thursday, March 27, 2025.
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