News

Detroit automakers blast Japan trade deal

Detroit automakers blast Japan trade deal as 'unfair advantage'
GM, Ford and Stellantis are criticizing the U.S., Japan trade pact that lowers Japanese auto tariffs to 15% and keeps North American imports at 25%.
GM and Ford Get a Raw Deal in Trump’s Trade Pact With Japan
The tariff on imported Japanese cars has been cut to 15%, down from 25%, in a deal announced by President Donald Trump.
Japan Gets a Trade Deal; Earnings Season Ramps Up
The U.S. and Japan announced a big trade deal that lowers tariffs to just 15% on imports, and the team discusses earnings from General Motors, Intuitive Surgical, and Enphase Energy.
Opinion
Column: Japan trade deal is more than meets the eye
President Donald Trump is justified in declaring that the agreement represents a major victory for his approach of negotiating concessions from other nations.
Detroit Three automakers raise concerns about Japan trade deal
A group representing General Motors Ford and Chrysler-parent Stellantis on Tuesday raised concerns about a trade deal that could cut tariffs on auto imports from Japan to 15% while leaving tariffs on imports from Canada and Mexico at 25%.
Frustration mounts as Japan questions details of Trump’s trade ‘deal’
The prime minister defended the vague deal by saying dealings with Trump were “not normal,” while another senior Japanese politician described increasing arrogance.
Japanese lawmakers question lack of details about US-Japan trade deal
Lawmakers in Japan are seeking more clarity on the country’s tariff rate under President Donald Trump, which has caused confusion following its trade deal announcement with the United States last month.
Recent Trade Deal Throws Curveball to Ford and GM
While investors are hoping for more trade deals to avoid tariffs, one recent deal might be bad news for automakers.
Japanese automakers Toyota and Honda take a big hit from Trump's tariffs
Japanese automakers were handed a reprieve when President Donald Trump said he would lower tariffs on Japan to 15% from 25%.
US Automakers Say Trump's 15% Tariff Deal With Japan Puts Them at a Disadvantage
Japan would also put together $550 billion to invest in U.S ... The USMCA is up for review next year. Ford, GM and Stellantis do “have every right to be upset,” said Sam Fiorani, vice president at ...
US automakers aren’t jazzed Trump lowered tariffs on Europe and Japan
U.S. automakers are not pleased with the terms, saying that the 15% that foreign makers will pay does not make up for lower ...
Toyota, world’s biggest carmaker, warns of unprecedented $9.5 billion profit hit from tariffs
Japan’s Toyota Motor said Thursday that it expected a profit hit of nearly $10 billion from President Donald Trump’s tariffs on cars imported into the United States, the highest such estimate yet by ...
GM quarterly profit slumps 35%, but it sticks by full year outlook that was lowered in May
General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall ...
TechCrunch8mon
Honda cuts funding to robotaxi venture with Cruise and GM in Japan
While GM owns 90% of Cruise, Honda holds a small minority stake alongside other investors like T. Rowe Price and Microsoft. GM said it plans to buy back shares from minority stakeholders and ...
Toyota reports a 37% drop in profit, cuts its forecast due to Trump’s tariffs
Toyota’s profit plunged 37% in the April-June quarter, the company said Thursday, cutting its full year earnings forecasts ...