Trump's tariff war puts Japan's auto industry on uncertain ground
CBS News · Just In
CBS News
Just In
As the country's largest export, Japan's auto industry is a source of national pride. But in recent months, it has been rocked by President Trump's tariffs. Anna Coren reports.
Breakdown
- Japan's auto industry is facing volatility due to tariffs imposed by President Trump. 6s
- Mazda expects to absorb nearly a billion dollars in tariff-related costs this financial year. 34s
- Mazda's joint venture with Toyota led to a $2 billion factory in Alabama, helping reduce tariff impact. 45s
- Mazda plans to increase production in Alabama to further limit tariff exposure. 1m 21s
- Uncertainty remains regarding Mazda's factory in Mexico and future tariff agreements. 1m 27s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.