To mitigate the impact on the auto industry, the administration is assisting manufacturers in relocating supply chains for car parts within the US over the next two years.
THE US administration of President Donald Trump on Saturday imposed a new 25 per cent tariff on key auto parts such as engines, in another blow to Japan’s mainstay car industry already slapped with the same rate of tariff on automobiles.
However, in a bid to ease the impact of the tariffs on the auto industry, the Trump administration has taken steps to help manufacturers relocate supply chains for car parts used in the United States over the next two years.
The new 25 per cent duties on imported passenger vehicles and light trucks took effect on 3 April targeting all countries around the world.
Trump’s car tariffs could have a particularly huge impact on Japan, a key US ally, as the auto industry has been a major driver of the broader economy. — Kyodo
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