Trump's tariff deal offers scant relief for Japan automakers
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Fashion Glamp on MSNToyota's New Century SUV: Japan's $250,000 Ultra-Luxury Rolls-Royce RivalToyota is known for making reliable and affordable cars, but did you know that it also has a super-exclusive luxury brand that rivals the likes of Rolls-Royce and Bentley? Meet the Toyota Century, a nameplate that has been around since 1967 and is reserved for the most elite customers in Japan.
Toyota Motor Corp. said it hopes for improved ties between the US and Japan, going as far as to call for further tariff reductions a day after President Donald Trump announced a much-awaited trade pact with the island nation.
A new Nissan Murano on your shopping list? Or perhaps the 2026 Mazda CX-5? Big price hikes may be coming for Japanese auto imports under the U.S.-Japan trade deal announced Wednesday.
Toyota has expressed optimism following the announcement of a new trade agreement between the United States and Japan.
Japan's Honda stock jumped more than 11%, while Toyota surged over 15%. Shares of South Korean carmaker Hyundai and Kia also rose on the announcement. Shares of Japanese automakers surged after Japanese Prime Minister Shigeru Ishiba said that U.S. auto tariffs were lowered to 15% from the current 25%, Reuters reported.
Asia has designs on the blossoming Dallas-Fort Worth economy, with Japan positioning itself to be the tip of the spear.
Shares in global carmakers surged after a U.S. trade agreement with Japan sparked optimism for the auto industry. Japanese auto stocks were particularly buoyant, with Toyota closing up 14%, its bigges
According to a new Nikkei report, Toyota is now planning to build EVs in Europe for the first time. Toyota will begin producing electric vehicles at its new “mega hub” in the Czech Republic. The news follows a 17 million euro ($19.5 million) investment Toyota made in 2024 to upgrade the facility to boost its presence in Central Europe.
The Trump administration and Japan struck a trade deal that was better than feared. Shares of Toyota Motor ( TM -1.71%) rallied 11.8% this week, according to data from S&P Global Market Intelligence.