Japan’s Carmaker Shares Jump on Report US to Set 15% Tariffs

Japan’s automaker shares surged after broadcaster NHK reported the US government will set 15% tariffs on car imports from the country, citing an unidentified Japanese official.

That compares with the 25% tariffs US President Donald Trump had imposed earlier on the sector. Separately, Trump earlier said he reached a trade deal and will see broader tariffs on the country at 15%, also down from the 25% he had previously threatened.