The Trump administration has moved to expand its sweeping tariff policy on global automotive imports, introducing a new round of "reciprocal tariffs" that target specific auto components previously excluded from earlier duties. The new measures are separate from those already enacted this spring on complete vehicles and key parts.
US President Donald Trump has formally notified South Korea of plans to impose a 25% tariff on select imports, with implementation set for August 1. While a three-week window for negotiations remains, industry observers widely anticipate that talks will face significant headwinds.
Nissan Motor Co. has initiated discussions with Foxconn over a possible collaboration to convert its Oppama plant in Yokosuka, Kanagawa Prefecture, into a manufacturing site for EVs. If finalized, Foxconn plans to inject fresh capital into Oppama and leverage the facility's sprawling supply network and experienced workforce to strengthen its EV supply chain in Japan.
