Asia's Vulnerability to U.S. Car Tariffs in Five Easy Pieces
Japan and South Korea are pushing back against the risk of U.S. restrictions on auto imports, with both governments and their biggest carmakers warning of damage to the industry on both sides of the Pacific. Japan shipped almost $50 billion of autos and auto parts to the U.S. in 2017, while Korea exported more than $20 billion, according to the two governments. Meanwhile, Japanese companies make as many as 3.8 million cars each year in the U.S. while Korea’s Hyundai Motor Co. says it’s invested almost $8.3 billion there.