Toyota Times Business explores mobility-related business news in a clear, detailed, and multifaceted way.

Today’s theme: U.S. tariffs.

Since taking office in January 2025, President Trump has imposed a series of tariffs with the aim of reducing the trade deficit.

Automobiles are no exception.

On April 3, the United States imposed an additional 25% tariff on imported finished vehicles.

With the future of the global economy uncertain, many are wondering if rising costs will be passed on to consumers and what will happen to stock prices.

A panel of experts discusses the impact of U.S. auto tariffs.

The commentators are automotive journalist Naoto Ikeda, economist Masumi Sai, and Executive Vice President of Toyota Motor Corporation, Hiroki Nakajima.

How will the automobile tariffs impact Japan’s auto industry, and how will Toyota navigate this difficult time?

A look at the history of automotive trade and Toyota’s approach to carmaking provides some insights.

The discussion also touches on the meeting between Chairman Akio Toyoda and Prime Minister Shigeru Ishiba in May.

Details of their discussion about the future of the auto industry are also revealed.