Trump's potential tariffs will only add to the pain for hard-hit Nissan

Quick Summary:

Germany's Volkswagen, which like Nissan has a long history in Mexico, has some of the biggest exposure, with 43 per cent of its US sales sourced from Mexico, S&P Global Mobility estimates.

One of the biggest casualties of Donald Trump's potential tariffs on Mexico and Canada is likely to be the Japanese automaker that can least afford the pain: Nissan.

So for example 10 per cent gets added to the price of the car and the rest is shouldered by the company," said an executive at one Japanese automaker that was not Nissan.

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Category: BusinessFinance

Markets: IndiaBrazilCanadaChinaGermanyJapanSouth KoreaMexico

Topics: Donald Trump Nissan Donald Trump administration Trump administration US tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 11:22:26 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 945 words

Reading Time: 6 minutes read

Sentences: 31 lines

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Copyright Owner: © Business Standard

News ID: 25904552

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