Trump, Tariffs
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Japanese automakers breathed a sigh of relief after U.S. President Donald Trump finalized a trade agreement last week. However, the relief is tempered by intensifying competition, especially from China,
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Al Jazeera on MSNAs Trump’s August 1 deadline looms, tariffs are here to say, experts say
Trump’s protectionist moves likely to keep pushing countries to lessen their reliance on the US, analysts say.
Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."
President Trump's trade strategy, marked by elevated tariffs, is yielding agreements with nations like the EU, Japan, and Vietnam. The EU accepted 15% US tariffs and committed to significant purchases and investments.
The Center Square on MSN6h
Trump Announces Trade Deal With Japan, 15% Tariff on Japanese Imports
President Trump announces a trade deal framework with Japan, imposing a 15% tariff on Japanese imports while eliminating tariffs on U.S. exports to Japan.
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Motoring USA on MSNTrump's Japan Tariff Deal Fails to Shield Carmakers From China Threat
Japanese automakers received a temporary reprieve this week when U.S. President Donald Trump announced a cut to import tariffs on Japan-made vehicles, reducing the rate from 25% to 15%. But industry experts warn the move offers little comfort as Japanese brands face intensifying competition from China and structural economic hurdles at home.
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Soy Nómada on MSNTrump tariffs could open space for Chinese car brands
The recent trade agreement between President Donald Trump and Japan, reducing import tariffs on Japanese vehicles from 25% to 15%, offers a mixed blessing for Japanese automakers. While it provides some relief,
U.S. President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods in exchange for a $550 billion package of U.S.-bound investment and loans.
3don MSN
Trump's Tariffs and Japan Deal Could Encourage Toyota To Move Manufacturing Jobs Out of America
Over the past few decades, Japan-based automaker Toyota has spent billions of dollars to expand its manufacturing and assembly plants in the United States. Those plants now employ over 64,000 people across North America and have churned out millions of vehicles.
A roundup of where things stand with tariffs on key U.S. trade partners and sectors.