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[ Today @ 06:21 PM ] - Reuters
Japan could lose $17 billion in car exports due to US tariffs, says UN trade agency
[ Today @ 03:41 PM ] - Reuters
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[ Wed, Mar 26th ] - Reuters
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Japan could lose $17 billion in car exports due to US tariffs, says UN trade agency


Published on 2025-04-04 18:21:32 - Reuters
  Print publication without navigation

  • Japan could lose $17 billion in car export potential in the U.S. following President Donald Trump's decision to introduce 25% tariffs on the automotive sector, the International Trade Centre said on Friday.

Japan could lose up to $17 billion in car exports due to potential U.S. tariffs, according to a report by the United Nations trade agency UNCTAD released on April 4, 2025. The report highlights that the proposed U.S. tariffs on Japanese vehicles and auto parts could significantly impact Japan's automotive industry, which is a key sector for the country's economy. The UNCTAD analysis suggests that these tariffs could lead to a decrease in Japanese car exports to the U.S., affecting not only the economic relationship between the two countries but also global trade dynamics. The report calls for negotiations to mitigate the potential negative effects on the industry and to maintain stable trade relations.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/japan-could-lose-17-billion-car-exports-due-us-tariffs-says-un-trade-agency-2025-04-04/ ]