TOKYO/SEOUL — The U.S. imposed a 25% tariff on automobiles imported into the country on Thursday, which experts predict will have huge negative impacts on the auto industries and economies of Japan and South Korea.
On Wednesday, U.S. President Donald Trump criticized the current state of automobile trade with Japan and South Korea, naming one specific company. “Toyota sells 1 million foreign-made automobiles into the United States. … [However] none of our companies are allowed to go into other countries,” he said in a speech declaring “Liberation Day in America.”
