President declares some imports a security threat
Japan’s car makers’ lobby said on Tuesday it was dismayed by President Donald Trump’s declaration that some imported vehicles and parts posed a threat to US national security, as the industry braces for a possible rise in US tariffs.
“We are dismayed to hear a message suggesting that our long-time contributions of investment and employment in the US are not welcomed,” said Akio Toyoda, chairman of the Japan Automobile Manufacturers Association. Trump has threatened to impose tariffs of up to 25% on imported cars made by foreign car makers, a move which car makers have argued would ramp up car prices, curb the global competitiveness of US-made vehicles and limit investment in the country, the world’s No2 vehicle market.
Most of Japan’s major car makers operate plants in the US. At least half of the cars and trucks sold in the country by Japan’s top three car makers are made in the US.
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