https://www.msn.com/en-us/money/news/tariffs-bring-japanese-automakers-to-breaking-point/vi-AA1LaNYE
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Tariffs Bring Japanese Automakers to Breaking Point
Tariffs placed on the US auto industry has Japanese car makers at breaking point. Will things improve and will we see manufacturers such as Toyota go out of business? Here’s the reality of the situation.
Independent: Backstabbed US auto companies blast Trump’s trade deal with Britain
America’s automakers have strafed President Donald Trump’s “big beautiful” tentative trade deal with the U.K.
Ford, GM and Stallantis complained the “deal,” which hasn’t yet been officially agreed to, will actually hurt U.S. automakers by putting them at a competitive disadvantage with British companies.
Under the deal, Britain can send a quota of 100,000 cars annually to the U.S. with a 10 percent tariffs (amounts over that level will face 27.5 percent tariffs). Steel exports will be tariff free.
The U.S. carmakers said their vehicles produced in Canada and Mexico, or produced with parts from those countries or with steel from those countries, continue to face devastating 25 percent tariffs.