Japans Auto Sector Reels Under Trumps Tariffs

#Tariffs #TradeWar #Japan #UnitedStates #AutoIndustry #Honda #Nissan #Toyota #Economy #Trump #TradeNegotiations #InternationalTrade #Business #GlobalEconomy #Manufacturing #TradeDeals #InterestingWorld #InterestingWorldy @InterestingWorldy #topnews #viral Is Japan paying the price for tariffs? The Trump administration’s trade policies are causing major distress in Japan’s auto sector. Honda and Nissan are forecasting massive profit plunges due to U.S. tariffs, even as the U.S. eases tariffs on China. Honda projects a nearly sixty percent drop in operating profit, attributing a four point four billion dollar hit to tariffs. Nissan suspended its profit forecast and plans further job cuts to offset three billion dollars in tariff exposure. Japanese officials express disbelief, feeling penalized despite being a U.S. ally with a smaller trade imbalance than China. Economists predict these tariffs could significantly dent Japan’s economic growth, potentially halving it. – Did you know? The auto industry represents 12 percent of the United States’ gross domestic product and 8 percent of its employment, according to the U.S. Department of Commerce, according to The New York Times. https://www.nytimes.com/2025/05/13/business/trump-tariffs-nissan-honda.html