Latest news with #automobile
NHK
13 minutes ago
- Automotive
- NHK
Trump: Auto trade with Japan 'not fair'
US President Donald Trump says automobile trade between Japan and the United States is "not fair," indicating again that he will not easily compromise on the extra US tariff on vehicle imports. Trump made the remark in a Fox News interview aired on Sunday. The 25 percent levy on car imports to the US is a key point of contention in bilateral tariff negotiations. He said he could send a letter to Japan to say, "You're going to pay a 25 percent tariff on your cars." Trump added, "They won't take our cars, and yet we take millions and millions of their cars into the United States." Describing the situation as unfair, he said: "I explained that to Japan. They understand it." Trump went on to note that the US has a huge trade deficit with Japan. He said Japan could buy a lot of American oil and other products to slash the imbalance.
Bloomberg
24 minutes ago
- Automotive
- Bloomberg
Global Funds May Shift From Indian Stock Market to China on Improving Sentiment
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Nifty futures point to a positive start this morning after stocks last week posted their biggest gain since mid-May. Strength in other Asian markets and recent technical breakouts should further boost sentiment. The focus this week will be on HDB Financial's listing and monthly automobile sales data.
Yahoo
3 hours ago
- Automotive
- Yahoo
Japan auto trade 'unfair', could buy more US oil, Trump tells Fox News
(Reuters) -Japan engages in "unfair" automobile trade with the United States and should increase its imports of U.S. energy resources and other goods to help reduce the U.S. trade deficit, President Donald Trump said in an interview broadcast on Sunday. Tokyo is scrambling to find ways to get Washington to exempt Japan's automakers from 25% automobile industry-specific tariffs, which are hurting the country's manufacturing sector. Japan also faces a 24% so-called reciprocal tariff rate starting on July 9 unless it can negotiate a deal. "They won't take our cars, and yet we take millions and millions of their cars into the United States. It's not fair, and I explained that to Japan, and they understand it," Trump said in an interview on Fox News' "Sunday Morning Futures with Maria Bartiromo". "And we have a big deficit with Japan, and they understand that too. Now we have oil. They could take a lot of oil, they could take a lot of other things." The automobile sector accounted for about 28% of the total 21 trillion yen ($145 billion) worth of goods Japan exported to the U.S. last year. ($1 = 144.4800 yen)
CNA
3 hours ago
- Automotive
- CNA
Japan auto trade 'unfair', could buy more US oil, Trump tells Fox News
Japan engages in "unfair" automobile trade with the United States and should increase its imports of U.S. energy resources and other goods to help reduce the U.S. trade deficit, President Donald Trump said in an interview broadcast on Sunday. Tokyo is scrambling to find ways to get Washington to exempt Japan's automakers from 25 per cent automobile industry-specific tariffs, which are hurting the country's manufacturing sector. Japan also faces a 24 per cent so-called reciprocal tariff rate starting on July 9 unless it can negotiate a deal. "They won't take our cars, and yet we take millions and millions of their cars into the United States. It's not fair, and I explained that to Japan, and they understand it," Trump said in an interview on Fox News' "Sunday Morning Futures with Maria Bartiromo". "And we have a big deficit with Japan, and they understand that too. Now we have oil. They could take a lot of oil, they could take a lot of other things." The automobile sector accounted for about 28 per cent of the total 21 trillion yen ($145 billion) worth of goods Japan exported to the U.S. last year. ($1 = 144.4800 yen)
Reuters
3 hours ago
- Automotive
- Reuters
Japan auto trade 'unfair', could buy more US oil, Trump tells Fox News
June 30 (Reuters) - Japan engages in "unfair" automobile trade with the United States and should increase its imports of U.S. energy resources and other goods to help reduce the U.S. trade deficit, President Donald Trump said in an interview broadcast on Sunday. Tokyo is scrambling to find ways to get Washington to exempt Japan's automakers from 25% automobile industry-specific tariffs, which are hurting the country's manufacturing sector. Japan also faces a 24% so-called reciprocal tariff rate starting on July 9 unless it can negotiate a deal. "They won't take our cars, and yet we take millions and millions of their cars into the United States. It's not fair, and I explained that to Japan, and they understand it," Trump said in an interview on Fox News' "Sunday Morning Futures with Maria Bartiromo". "And we have a big deficit with Japan, and they understand that too. Now we have oil. They could take a lot of oil, they could take a lot of other things." The automobile sector accounted for about 28% of the total 21 trillion yen ($145 billion) worth of goods Japan exported to the U.S. last year. ($1 = 144.4800 yen)
