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Japan’s Prime Minister Shigeru Ishiba said April 1 his government is making last-ditch efforts to get President Donald Trump to exclude his country from an increase in auto tariffs.

The “reciprocal’’ tariffs that President Donald Trump is set to announce April 2 are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike.

Automakers are attempting to sway the Trump administration on tariffs, contending that levies on the thousands of parts they source abroad could have catastrophic effects on the industry.

President Donald Trump will announce his reciprocal tariff push on April 2 during an event in the White House Rose Garden, his top spokesperson said.

Volvo Car AB tapped its longtime CEO Hakan Samuelsson to retake the helm as the Swedish automaker tries to navigate its way out of a malaise worsened by looming U.S. tariffs.

Edmunds projects Q1 car sales totaling 3.8 million vehicles, the strongest start to the year since 2021. Promised U.S. tariffs could jack up sticker prices once inventories are depleted.

President Donald Trump said he spoke with Canadian Prime Minister Mark Carney and that the two would meet after Canada’s election, amid an intensifying tariff war between the allies.

Noted economist Arthur Laffer warns in a new analysis that President Donald Trump’s tariffs could weaken the ability of U.S. automakers to compete with their foreign counterparts.

Walmart de Mexico SAB (Walmex), the local unit of the U.S. retail giant, plans to invest $6 billion this year in its Mexico operations to add more locations and robotic logistics hubs.

Prime Minister Mark Carney says Canada will fight back against President Donald Trump’s tariffs on the auto sector, but he did not outline any new retaliatory measures against the U.S.