- Title: Trump auto tariffs 'extremely regrettable', says Japan
- Date: 27th March 2025
- Summary: YOKOHAMA, JAPAN (FILE - NOVEMBER 13, 2024) (REUTERS) VARIOUS EXTERIORS OF NISSAN GLOBAL HEADQUARTERS SHOWROOM AT NISSAN GLOBAL HQ NISSAN ARIYA ELECTRIC VEHICLE (EV) NISSAN BADGE ON FRONT OF ARIYA EV PEOPLE WALKING AROUND SHOWROOM CARS ON DISPLAY STEERING WHEEL WITH NISSAN LOGO TOKYO, JAPAN (FILE - MARCH 27, 2024) (REUTERS) HONDA LOGO ON BUILDING VARIOUS OF EXTERIOR OF HOND
- Embargoed:
- Keywords: Honda Japan Nissan Toyota Trump Yoshimasa Hayashi auto industry tariffs
- Location: YOKOHAMA, TOKYO, MIYAGI PREFECTURE, JAPAN
- City: YOKOHAMA, TOKYO, MIYAGI PREFECTURE, JAPAN
- Country: Japan
- Topics: Asia / Pacific,Government/Politics,International Trade
- Reuters ID: LVA002196227032025RP1
- Aspect Ratio: 16:9
- Story Text: Tariffs on vehicle imports announced by U.S. President Donald Trump are "extremely regrettable", Japan's top government spokesman said in Tokyo on Thursday (March 27).
Chief Cabinet Secretary Yoshimasa Hayashi told reporters that Japan had again asked for an exemption from the measures following Trump's announcement.
The U.S. President on Wednesday (March 26) unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon returning to the White House this year, in a move auto industry experts expect will drive up prices and stymie production.
Shares in Japanese auto makers fell sharply in early trade on Thursday. Automobiles made up 28.3% of Japan's total exports to the United States in 2024, the biggest ratio among all items, according to data from Japan's Ministry of Finance.
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