On July 20, 2026, The Japan Times reported that Trump tariffs continue to impact Japanese automakers. Combined costs at six major firms exceeded 2.4 trillion yen in fiscal 2025.
Trump tariffs continue to affect Japanese automakers one year after their introduction.
In fiscal 2025, which ended in March, combined costs at six major firms including Toyota exceeded 2.4 trillion yen.
The figure comes from the latest tally reported by the paper.
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US President Donald Trump announced on May 1, 2026, via Truth Social, 25% tariffs on cars and trucks imported from the European Union effective next week, claiming the bloc breached last summer's trade deal. The EU insists it is complying, demands clarifications, and reserves all options for retaliation, as Germany's auto sector braces for heavy impact.
U.S. President Donald Trump said Monday that his tariff policy has prompted South Korean, Japanese and German automakers to build factories in the United States.
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US President Donald Trump introduces new tariffs of up to 12.5 percent on imports from 60 countries starting Friday. The EU is affected along with Taiwan, Japan and Switzerland. The US government justifies the move with insufficient action against forced labor.
The federal government decided on Tuesday to maintain the gradual increase in import taxes for electric and hybrid cars while authorizing a temporary quota of US$ 463 million with zero tariffs for six months.