Reported 2 days ago
Japan could potentially lose $17 billion in automotive exports to the U.S. following the implementation of a 25% tariff on vehicle imports, as reported by the International Trade Centre. The tariffs affect a significant portion of Japan's exports, with calls for diversification towards markets like China and Germany to offset losses. Analysts predict American consumers will face over $30 billion in increased vehicle costs due to these tariffs.
Source: YAHOO