Trump tariffs cost Japan's top automakers over ¥2.4 trillion in a year

A year after their imposition, tariffs from the Trump administration continue to hit Japanese automakers hard. In fiscal 2025, which ended in March 2025, six major car manufacturers in Japan, including industry leader Toyota, faced combined costs exceeding ¥2.4 trillion due to these tariffs. The tariffs, first introduced by former President Donald Trump, target imported vehicles and auto parts. They have increased expenses for Japanese companies that export cars to the United States. The ¥2.4 trillion figure includes higher import duties, supply chain adjustments, and other related costs. Japanese automakers have tried to offset the impact by shifting production to the United States and other regions, but the tariffs remain a significant burden. The prolonged trade tensions have affected profits and investment plans. The six companies represent the majority of Japan's auto industry, which is a key pillar of the country's economy. As the tariffs continue into their second year, the financial strain is expected to persist. The automakers are watching closely for any changes in U.S. trade policy that could ease the situation.