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WorldPosted at: Mar 27 2025 11:53AM


Japan auto production to drop 4.3 pct over U.S. tariff: research

Tokyo, Mar 27 (UNI) Japan's automobile production will decrease by 4.3 percent annually over declining U.S. sales while overall industrial production could drop by 0.6 percent due to the U.S. expanded tariffs, the Japan Research Institute predicted.
Shumpei Goto, a researcher at the institute, noted that with tariffs raising car prices in the United States, Japan-made car sales are expected to decline, leading to reduced vehicle production and a ripple effect on auto parts manufacturers, Nikkei reported Thursday.
The U.S. government is set to begin collecting the new tariffs next week, with key automotive components such as engines also included in the scope of the new tariffs.
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