Trump’s auto tariffs strike at the heart of Japan’s economy
Even before the levies, companies like Shoda Seisakusho were struggling to keep up with the global shift to electric vehicles. Nakajima has had to cut staff at two factories in China and freeze new investments. He now sees pay increases for his 200 workers next year as challenging. With the US tariffs added to the mix, the outlook is grim.
Even before the levies, companies like Shoda Seisakusho were struggling to keep up with the global shift to electric vehicles. Nakajima has had to cut staff at two factories in China and freeze new investments. He now sees pay increases for his 200 workers next year as challenging. With the US tariffs added to the mix, the outlook is grim.
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