Japanese Economic Revitalization Minister Ryosei Akazawa issued a stark warning today, saying US tariffs are inflicting enormous losses on Japan’s automobile industry. “Some automakers are losing up to $1 million per hour,” Akazawa stated, underlining the gravity of the situation.
The minister added that Japan has formally requested Washington to review its tariffs policy. “We will do what we can to safeguard our national interest,” he affirmed.
This request marks a key moment as Tokyo pushes back against trade measures that, according to officials, threaten one of the nation’s economic engines.
As discussions continue, manufacturers and workers alike will be watching closely to see if a policy review can ease the mounting pressure on production lines and global supply chains.
Reference(s):
cgtn.com
