Japan could lose $17 billion in car export potential in the U.S. following President Donald Trump's decision to introduce 25% tariffs on the automotive sector, the International Trade Centre said on Friday.

While Americans doling out more for groceries and consumer goods would be the most probable outcome of President Donald Trump’s tariff hikes, it’s not the only one.

The auto industry is in a state of uncertainty as consumers and manufacturers alike grapple with the recently implemented 25 percent tariffs on all imported vehicles

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President Donald Trump announced an additional 50% tariff on goods imported from China, which could potentially double the price of Chinese imports. Trump's additional tariffs followed China's announcement that it was matching the "reciprocal tariff" Trump announced last week amid the new sweeping tariffs on US imports.

President Donald Trump said Sunday that he won't back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S.

What Is Victory in Trump’s Trade War? President Donald Trump’s sweeping tariffs on imports from virtually the entire world, including major allies, are coming online. Big countries are threatening retaliation.

U.S. President Donald Trump threatened to further increase tariffs on China on Monday, raising the possibility of further escalation in a trade war that has already wiped trillions of dollars from global markets.

The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight.

Japanese Prime Minister Shigeru Ishiba said on Thursday he was disappointed that his country did not win an exemption from President Donald Trump's new tariffs and promised measures to help domestic industry deal with the fallout.

Optimism in Tokyo’s markets suggests hopes are high for a breakthrough, despite Donald Trump’s rhetoric about Japan treating the US poorly.

Japan’s Prime Minister Shigeru Ishiba says his government is making last ditch efforts to get U.S. President Donald Trump to exclude his country from an increase in auto tariffs due to take effect this week.

Japan is sending a team to negotiate on trade, U.S. President Donald Trump said, adding that he spoke earlier on Monday with Japanese Prime Minister Shigeru Ishiba, who separately said he told Trump to rethink tariff policies.

Japanese Prime Minister Shigeru Ishiba said he held telephone talks on Monday with President Donald Trump and told him he is “strongly concerned” that U.S. tariffs would discourage investment from Japan,

Japanese real wages dropped for a second straight month in February due to higher inflation, labour ministry data showed on Monday, amid broader worries in Japan about the impact of U.S. tariffs.

President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.

"Hang tough, it won't be easy," President Donald Trump said on Saturday of new tariffs, while pledging the "end result will be historic."

It's only been a few days since President Trump's 25% tariffs on foreign cars took effect. But the import surcharge has led to some immediate changes, including layoffs and pauses in car shipments.