Japanese automakers anticipate a significant financial impact from U.S. tariffs on vehicles and auto parts, potentially totaling over ¥1 trillion. While some manufacturers plan to increase U.S. production, the uncertainty surrounding the tariffs makes accurate forecasting challenging. The industry is grappling with the effects of the tariffs, which are expected to negatively impact earnings and prompt cost-cutting measures.
by SkyInJapan
2 comments
Good. It should be a wake up call for Japanese businesses to diversify even further and try to lessen to much reliance on the US market
This is the nail in the coffin for many companies including Nissan and more to come.