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Japan Warns Of 'Significant Impact' From US Tariffs

Japan
International Business Times Fews App News Provider
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Japanese automakers account for around 16 percent of car imports into the United States AFP Japan's government warned Thursday of a "significant impact" on its economic ties with the United States and on global trade, after President Donald Trump announced import tariffs on cars. Tokyo is one of Washington's closest economic and strategic allies, with its firms the biggest investors in the United States and one in 10 Japanese jobs tied to the auto sector. Trump announced on Wednesday 25 percent tariffs "on all cars that are not made in the United States" effective 12:01 am (0401 GMT) eastern time on April 3.

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