‘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.
66 Articles
66 Articles
Unifor embraces Liberals, pushes Canadian nationalism in response to Trump’s auto tariffs
Unifor is the largest private-sector union in Canada, with approximately 320,000 members, including over 35,000 employed in the auto sector who will be directly impacted by expected slowdowns and layoffs as a result of the tariffs, which are set to go into effect on April 2.
U.S. auto tariffs: Measures are Unreasonable, Unacceptable
The high-tariff policy which the administration of U.S. President Donald Trump has been imposing indiscriminately has now extended even to automobiles, a key industry in major countries. This policy destabilizes the free trade system and will have a serious impact on the global economy. The Trump administration should quickly withdraw it.
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