Japan’s Automakers Brace for $19 Billion Loss Due to US Tariffs

Major Japanese car manufacturers are facing significant financial losses due to the steep tariffs imposed by the United States under President Trump’s trade policies. These tariffs, which have affected vehicle imports and parts since April, are poised to squeeze profits in 2023 and beyond. Some companies have even halted their guidance and are recalculating costs while exploring alternatives for future operations within North America. Leading Japanese brands like Toyota, Nissan, Honda, and Subaru are anticipating significant financial burdens.