They are threatening smaller parts companies that are key to manufacturing and employ hundreds of thousands in Japan, South Korea and Germany.
Category: Toyota Motor Corp
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Trump’s Higher Tariffs Are Here. Now What?
The president’s trade war entered a new phase on Thursday with hefty levies on scores of countries taking effect, adding further uncertainty.
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Japan’s Auto Giants Are Expecting Pain Despite Trump Trade Deal
Toyota, Honda and Nissan forecast big hits to their profits despite a trade deal that cut auto levies to 15 percent. The reduced rate has yet to be implemented.
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Hybrid Cars, Once Derided and Dismissed, Have Become Popular
Automakers and car buyers are taking a second, harder look at hybrids after leaving them behind for electric vehicles.
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Tariff Misery in Japan: Honda and Nissan Forecast Plunges in Profit
Japanese business leaders and officials were indignant at the U.S. decision to pause China tariffs, while Japan faces economic hardship from auto levies.
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Toyota Says Tariffs Will Erase $1.3 Billion in Profits in Just 2 Months
The automaker’s somber forecast for the fiscal year underscored how quickly fortunes have turned for many companies reckoning with President Trump’s tariffs.
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Trump Auto Tariffs: How Major Car Brands Would Be Affected
The scale of the damage depends on the circumstances of each company’s supply chain.
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How Trump’s Auto Tariffs Could Affect Car Prices
Experts say tariffs could soon drive car prices up by several thousand dollars and limit production.
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Trump’s Car Tariffs Worry Toyota and Japan’s Automakers
Japanese automakers, initially optimistic about some of President Trump’s policies, are reckoning with potentially devastating U.S. taxes on foreign-made cars.
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Trump’s Canada and Mexico Tariffs Could Hurt Some Carmakers
General Motors and a few other companies make as much as 40 percent of their North American cars and trucks in Canada and Mexico, leaving them vulnerable to tariffs.