From Yahoo Finance: 2025-04-04 06:29:00

Japan could lose $17 billion in car export potential in the U.S. due to President Trump’s 25% tariffs on the automotive sector, according to the International Trade Centre. The tariffs cover over $460 billion worth of vehicle and auto parts imports annually, affecting countries like Slovakia, Japan, and Honduras. Japan may seek new export destinations like China, Germany, the Philippines, and Thailand to offset losses. American consumers may face higher vehicle prices and reduced car sales, potentially costing over $30 billion in the first year. The ITC aims to help countries achieve sustainable human development through exports.



Read more at Yahoo Finance: Japan could lose $17 billion in car exports due to US tariffs, says UN trade agency