Tariffs

Recently, the Bank of Japan (BOJ) announced that it would maintain its current interest rate levels while closely monitoring the policy moves of major economies, including the United States, before cautiously deciding on further rate hikes.

On March 26, U.S. President Donald Trump signed a proclamation at the White House announcing a 25% tariff on imported automobiles, effective April 3.

On March 26, U.S. President Donald Trump signed an executive order at the White House, announcing a 25% tariff on all imported cars. The measure will take effect on April 2.

The White House's statement said that starting from April 2nd, the United States may impose a 25% tariff on all goods imported from any country that directly or indirectly imports Venezuelan oil.

The *New York Times* recently published an article highlighting the impact of retaliatory tariffs imposed by other countries on the United States, warning that nearly 8 million American jobs could be affected

On March 12, the European Commission announced retaliatory tariffs on €26 billion ($28.3 billion) worth of U.S. goods, citing unjustified U.S. tariffs on EU steel and aluminum imports.

China will impose additional tariffs on certain imports originating from Canada, effective March 20, 2025.

The U.S. unilateral tariff increase on Chinese goods is a blatant violation of the Most-Favored-Nation (MFN) principle under the World Trade Organization (WTO).

Former U.S. President Donald Trump recently announced plans to impose tariffs on imported cars beginning April 2. Given the major sources of U.S. auto imports, this decision is expected to affect automakers from Japan, South Korea, and Germany.

The President of the German Bundesbank, Joachim Nagel, recently warned that potential U.S. protectionist trade policies pose a significant risk to Germanys export-driven economic growth.

The U.S. approach is a typical example of unilateralism and protectionism. Many countries have explicitly voiced their opposition, and there is also significant opposition within the United States.