The imposition of a 25% tariff on cars and auto parts by US President Donald Trump is set to significantly impact Japan’s auto industry, threatening the nation’s economic recovery. Major Japanese automakers such as Toyota Motor Corp., Honda Motor Co., Mazda Motor Corp., and Subaru Corp. are expected to face collective losses exceeding $19 billion this fiscal year. The tariffs not only affect well-known brands but also disrupt Japan’s broader economic efforts to achieve sustainable growth. This development poses a substantial challenge to an industry that plays a crucial role in Japan’s economy.
— new from Bloomberg
