Carmakers worldwide have already lost nearly $12bn (€10.3bn; £8.9bn) as a result of higher US duties on imports, according to ...

The change will mean Trump’s reciprocal tariff rate of 15% on Japan will not stack on top of existing sector-specific levies, similar to an arrangement with the EU.

According to World Bank data, the previous tariff rate on goods imported from Japan was around 2%. While the new rate of 15% ...