Japan trade

Japan produced 9 million cars in 2024 and sold 4.4 million in Japan and exported 4.6 million but only 1.4 million to the US. Japanese companies produced 2.8 million cars in US facilities. This will likely increase to avoid the new 15% tariffs imposed in Trump’s latest deal. He threatened 25% but reduced to 15% to seal the deal. Japan will invest $500 billion in the US to build cars here to avoid the 15% tax. They also agreed to open their markets to a wide range of US products including cars.