Japan Considers Tariff Response

This is a Japan news story, published by MSN, that relates primarily to Shigeru Ishiba news.

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tariffs

Washington Post

•

World

Japan, a car-making giant, mulls ‘appropriate’ response to Trump tariffs

Summary

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80% Informative

Prime Minister Shigeru Ishiba says Japan is putting “every option” on the table as it considers an “appropriate” response to President Donald Trump ’s new tariffs of 25 percent on cars and car parts imported into the U.S. Ishiba has not ruled out retaliatory tariffs, although experts say it would be difficult for Japan to hit back.

The auto tariffs would raise prices for Japanese cars and result in fewer sales in their biggest market, analysts say.

Neighboring South Korea is similarly expecting a hit to its economy, analysts say.

South Korea’s Ministry of Trade, Industry and Energy held an emergency meeting Thursday to discuss the potential fallout.

South Korean companies are reacting with plans to do more of their business in America .

Hyundai Motor this week announced a $21 billion investment plan to boost production capacity in the United States .

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Article tone

formal

Language

English