Ishiba expects very big economic impact from Trump car tariffs


An American flag flutters outside a Honda automobile dealership in Irvine, California, US, March 27, 2025. - Reuters

TOKYO: Japanese Prime Minister Shigeru Ishiba said the Trump administration’s 25 per cent tariff on US car imports will have a "very big” impact on the nation’s economy, pledging to take thorough measures to protect local jobs.

Ishiba emphasised the need to consider measures to help Japanese companies with financing while the government tries to grasp the entire scope of the impact on the nation’s key industry.

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