
CosmicTaco
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
7mo ago
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