Trump's tariff deal offers scant relief for Japan automakers
Digest more
Toyota Motor Corp. said it hopes for improved ties between the US and Japan, going as far as to call for further tariff reductions a day after President Donald Trump announced a much-awaited trade pact with the island nation.
Asia has designs on the blossoming Dallas-Fort Worth economy, with Japan positioning itself to be the tip of the spear.
Toyota has expressed optimism following the announcement of a new trade agreement between the United States and Japan.
Japan's Honda stock jumped more than 11%, while Toyota surged over 15%. Shares of South Korean carmaker Hyundai and Kia also rose on the announcement. Shares of Japanese automakers surged after Japanese Prime Minister Shigeru Ishiba said that U.S. auto tariffs were lowered to 15% from the current 25%, Reuters reported.
A new Nissan Murano on your shopping list? Or perhaps the 2026 Mazda CX-5? Big price hikes may be coming for Japanese auto imports under the U.S.-Japan trade deal announced Wednesday.
Chinese electric vehicle (EV) maker NIO (NYSE:NIO) surged nearly 11% after unveiling its Onvo L90, a three-row electric SUV designed to compete with Tesla’s (NASDAQ:TSLA) Model Y, signaling its push into the mass-market EV segment.
Toyota is the world’s largest carmaker and it continues to top sales charts in many markets. In order to stay on top it needs to continually update and refresh its product offerings.
Shares in global carmakers surged after a U.S. trade agreement with Japan sparked optimism for the auto industry. Japanese auto stocks were particularly buoyant, with Toyota closing up 14%, its bigges
The Trump administration and Japan struck a trade deal that was better than feared. Shares of Toyota Motor ( TM -1.71%) rallied 11.8% this week, according to data from S&P Global Market Intelligence.