Marketplace All-in-One How tariffs are hitting the Japanese auto sector
Jun 18, 2025
Japanese car exports to the U.S. have plummeted by nearly 25% due to new tariffs, causing major manufacturers like Toyota and Honda to face significant economic strain. High-level talks for relief have so far yielded no results. Meanwhile, the Burgundy wine industry is also feeling the pinch, with winemakers expressing concerns over export challenges because of tariffs. The episode delves into the critical relationship between U.S. tariffs and the health of both the Japanese auto sector and French wine export market.
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Tariffs Drop Japanese Vehicle Exports
- Japanese vehicle exports to the US dropped by over 11% in May due to the new 25% tariffs.
- This tariff severely impacts Japan's manufacturing and automotive sector exports.
US is Key Market for Burgundy Wine
- The US is the largest export market for Burgundy wines, accounting for 25% of bottle exports.
- Potential increases to 20% tariffs would severely stifle the wine market, similar to 2019's crisis.
Tariffs Threaten French Wine Growth
- French wine exports to the US market are significant, making up about 10% of production.
- Tariffs risk reversing recent growth, as past 25% hikes caused sales to drop 50%.