JAMA Says US Tariff Cuts Unlikely to Harm Auto Industry
The Japan Automobile Manufacturers Association president stated that reduced US tariffs are not expected to produce severe effects on the automobile sector.
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Terms & Concepts
Tariff: A tax or duty imposed on imported or exported goods, which can affect trade flows and industry competitiveness.
Automobile Industry: The sector of the economy focused on the design, manufacturing, marketing, and sale of motor vehicles.