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Tariff Crossfire Hits Auto Suppliers in Japan
Financial Express Kochi
|May 24, 2025
FOUR DECADES AGO, Hiroko Suzuki's father threaded the needle of a U.S. trade war by pushing the family auto-parts business into newer niche products.
Now, tariffs imposed by the Trump administration are so sweeping they threaten her own attempt to diversify the 78-year-old company into medical devices.
Prime Minister Shigeru Ishiba has called the U.S. tariffs, including 25% on automobiles, a "national crisis" for the world's fourth-largest economy. Japan's top trade negotiator, Ryosei Akazawa, headed to Washington on Friday for a third round of talks.
This story is from the May 24, 2025 edition of Financial Express Kochi.
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