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Japan Reacts to Trump's 25% Auto Tariffs

  • Japanese PM Shigeru Ishiba vows to prioritize national interest after Trump's 25% auto tariffs.
  • The tariffs impact all non-US manufactured cars and light trucks, hitting Japan hard.
  • Japan's auto industry, crucial to its economy, faces significant challenges with 28.3% of exports to the US.
  • Major Japanese automakers like Toyota, Nissan, and Honda see sharp stock declines.
  • Analysts predict a 0.2% drop in Japan's GDP, highlighting the industry's importance.

Source: Business News India, Moneycontrol

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7mo ago
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