ystems. The company’s customers tend to be Tier 1 suppliers and OEMs are largely based in Europe and the US, with some also in Asia. Origins of the Dispute This disruption is believed to be a result of the US and China jostling for leverage in the build up to a key summit between President Donald Trump and China’s Xi Jinping planned for the end of October 2025. Indeed, China has recently responded to the introduction of new punitive US tariff...

News  Updated at: 2025/10/31

U.S. Senate votes against Trump tariffs ahead of Supreme Court case November 5 On October 30, the U.S. Senate voted 51-47 to stop the Trump administration’s broad tariffs imposed on imported goods from around the world. The move was part of a series of votes on Trump’s tariffs during the week. On October 28, five Republicans joined Democrats to pass a resolution canceling the 50% tariffs on goods from Brazil, 52-48, and the following day, fou...

News  Updated at: 2025/10/31

Toyota’s Chairman does not mention re-importing U.S.-made cars to Japan at meeting with President Trump On October 29, Mr. Hiroyuki Ueda, Toyota Motor Corporation’s External & Public Affairs Group Deputy Chief Officer, stated that Toyota’s Chairman Akio Toyota didn’t mention importing Toyota cars made in the U.S. to Japan at a meeting held for U.S. President Trump and business executives in the evening of October 28. However, he indicated...

News  Updated at: 2025/10/30

U.S. and South Korea agree on trade deal regarding tariffs and investment On October 29, 2025, the United States and South Korea reached an agreement on a trade deal between the two countries as U.S. President Donald Trump and South Korean President Lee Jae Myung attended the Asia-Pacific Economic Cooperation summit in Gyeongju, South Korea. While a formal agreement between the countries has not yet been finalized, certain details on the trade de...

News  Updated at: 2025/10/30

U.S. and Japan sign framework agreement to secure rare earth supply On October 27, 2025, U.S. President Donald Trump and Japanese Prime Minister Sanae Takaichi signed a framework agreement to secure the supply of critical minerals and rare earths for both countries. The agreement was signed at the Akasaka Palace in Tokyo during President Trump’s visit to Japan.  According to the agreement, the U.S. and Japan will utilize economic policy tools ...

News  Updated at: 2025/10/29

me outside Japan totaled 8,054,320 units, up 0.8% y/y, production volume in Japan decreased by 0.2% y/y to 3,877,575 units. Approximately half of the domestic production volume is exported and more than 30% of the exported vehicles are destined for the U.S. Accordingly, it is possible that the U.S. Trump administration’s additional tariffs had an impact on the domestic production volume. The outlook still remains uncertain due in part to fierce...

News  Updated at: 2025/10/28

Trump lands in Japan after trade deals with Thailand, Vietnam, Malaysia, Cambodia U.S. President Donald Trump arrived in Japan on October 27, the second stop on his Asia tour that will culminate a few days later with a high-stakes meeting with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation Summit in Gyeongju, South Korea. Trump visited with Japan's Emperor Naruhito after landing in Tokyo, after which he wil...

News  Updated at: 2025/10/28

said in a statement issued October 25. “We are carefully assessing Japanese customer needs and exploring the possibility of importing these vehicles into Japan.” The move also comes as Japan’s government considers ways to ease trade tensions with the U.S. ahead of a visit from U.S. President Trump starting October 27, where he is expected to meet Prime Minister Sanae Takaichi, who recently won election to become the country’s first femal...

News  Updated at: 2025/10/28

U.S. extending trade deadline with Mexico for “several weeks” On October 27, President of Mexico Claudia Sheinbaum said that the U.S. is extending its trade deadline for several weeks.  Sheinbaum said she spoke with U.S. President Trump on October 25 and that both countries are "close to reaching an agreement" on pending non-tariff trade barriers. She confirmed that Washington will extend the trade deadline "for several weeks" as negotiation...

News  Updated at: 2025/10/28

U.S.-Korea investment fund stuck on key points ahead of Trump’s Asian visit The U.S. and South Korea remain stuck on all the major details of a USD 350 billion investment pledge, President Lee Jae Myung said on October 24, indicating the countries may not finalize a trade deal in time for a summit meeting with U.S. President Trump. “The method of investment, the amount of investment, the timeline and how we will share the losses and divide th...

News  Updated at: 2025/10/28

Trump terminates trade talks with Canada over anti-tariff ad campaign On October 23, in a late-night social media post, U.S. President Trump said he is terminating all trade negotiations with Canada over an ad campaign by the Ontario government that uses the late-President Ronald Reagan's own words and appearance in an April 1987 speech to send an anti-tariff message to U.S. audiences. Reagan in the video warned that "High tariffs inevitably lead...

News  Updated at: 2025/10/25

djusted earnings before interest and taxes to a range of USD 6-6.5 billion, from an earlier-estimated USD 6.5-7.5 billion. On the earnings call, CFO Sherry House said Ford now anticipates U.S. import tariffs will cost the company USD 1 billion in 2025, half as much as initially projected, after the Trump administration’s October 17 extension of an offset credit OEMs can use on parts. Ford COO Kumar Galhotra said the hot mill portion of the Nove...

News  Updated at: 2025/10/25

Trump says GM and Ford thanked him for truck tariffs On October 22, President Trump said in a Truth Social post that the CEOs of General Motors and Ford Motors called him to express gratitude for the tariffs he imposed on mid-size and large truck imports. On October 17, Trump had issued a proclamation of 25% tariffs on trucks and truck parts, with a 3.75% offset on the value of parts based on the MSRP of the vehicles, and 10% on buses. In the sam...

News  Updated at: 2025/10/23

ongoing discussions with the Americans, and you know,” Carney said. “I wouldn’t overplay it,” Carney told reporters. Government sources say they are hopeful there could be movement on a steel and aluminum deal with the U.S. this week. Carney and his cabinet have been in discussions with the Trump administration for months, as the trade war between the two countries continues with tariffs and counter tariffs. While Carney has signaled it i...

News  Updated at: 2025/10/23

t between electric vehicles (EVs) and fuel-cell vehicles (FCVs) as a non-tariff barrier. Going forward, the Japanese government intends to consider a system that takes into account a life cycle assessment (LCA) perspective in combination with support, while reviewing the CEV subsidy. With President Trump scheduled to visit Japan later this month, attention will be focused on how the review of non-tariff barriers will pan out under the new adminis...

News  Updated at: 2025/10/22

ed that the company had achieved its highest third-quarter market share since 2017, and that its restructured China business was profitable once again. Based on our performance, GM is raising its full-year guidance for 2025. Barra said the tariff updates to the MSRP offset program made by President Trump on October 17 will help make U.S.-produced vehicles more competitive over the next five years.  Earlier in 2025, GM announced USD 4 billion in ...

News  Updated at: 2025/10/22

Trump issues 25% tariff on trucks and parts, extends 3.75% parts offset on automobiles In a proclamation on October 17, President Trump announced he was formally imposing a 25% tariff on medium- and heavy-duty trucks (Class 3–8 vehicles) and truck parts, including engines, transmissions, tires, and chassis, as well as a 10% tariff on imported buses (school, transit, and motor coaches), while extending a key tariff reprieve for U.S. auto manufac...

News  Updated at: 2025/10/21

that comply with USMCA rules. USMCA-compliant vehicles are subject to a 25% duty only on the value of their non-U.S. content, while USMCA-compliant parts can enter the U.S. duty-free. The U.S. began collecting the majority of tariff revenue from Canadian and Mexican auto imports in April, when the Trump administration implemented a 25% duty on vehicles and a wide range of parts. Companies so far have largely elected to absorb the cost instead of...

News  Updated at: 2025/10/21

balt over the next five years, with spending ranging from USD 2 million to a maximum of USD 500 million. The DLA had restricted its call for offers to three major suppliers: Vale's operations in Canada, Sumitomo in Japan, and Glencore's Nikkelverk refinery in Norway. In April, U.S. President Donald Trump invoked emergency powers to spur domestic production of critical minerals in plan to reduce foreign dependence and strengthen national security....

News  Updated at: 2025/10/21

between the LDP and Ishin are a concern for the industry. Discussions on the sub-capital plan and social security reform are likely to take priority, making it unclear to what extent auto-related policies will be promoted. The most immediate issue is a planned visit to Japan by US President Donald Trump in late October. With the cabinet soon to be formed, there is insufficient time to work together with the cabinet members to formulate a strateg...

News  Updated at: 2025/10/20