TOKYO: As the US-China trade war expands into the auto, steel and rare earths sectors, few companies are feeling the pressure more than top Japanese car parts supplier Daido Steel Co.
The supplier to Honda Motor Co and other major marques is facing a trio of headwinds: a 50% tariff on US imports of steel, a 25% duty on foreign-made cars and a levy on parts, and China’s tightening of exports of rare earths – minerals critical to make magnets for car motors.
