Mitsubishi hiking prices on new US vehicles by average of 2.1%
WASHINGTON (Reuters) -- Mitsubishi Motors said on Tuesday it was hiking prices of U.S. vehicles by 2.1% on average, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration's tariffs.
President Donald Trump in April imposed 25% tariffs on car imports from Japan and nearly all other countries, prompting Mitsubishi to suspend deliveries from ports to U.S. dealers. The Japanese automobile manufacturer said it resumed those deliveries last week.
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Japan Today
15 minutes ago
- Japan Today
G7 leaders forge on without Trump; Canada aids Ukraine
Canadian Prime Minister Mark Carney, Ukrainian President Volodymyr Zelenskyy, U.S. Treasury Secretary Scott Bessent, German Chancellor Friedrich Merz, Japanese Prime Minister Shigeru Ishiba and French President Emmanuel Macron meet during the G7 Leaders' Summit in Kananaskis, in Alberta, Canada, on Tuesday. By David Ljunggren, John Irish and Andreas Rinke Ukrainian President Volodymyr Zelenskyy arrived at the Group of Seven summit on Tuesday, securing new aid from host Canada for the war against Russia after U.S. President Donald Trump left early due to developments in the Middle East. The G7 wealthy nations struggled to find unity over the conflict in Ukraine after Trump expressed support for Russian President Vladimir Putin and having imposed tariffs on many of the allies present. Canadian Prime Minister Mark Carney said Ottawa would provide C$2 billion ($1.47 billion) in new military assistance for Kyiv as well as impose new financial sanctions. A Russian attack overnight on Kyiv and other cities that killed at least 16 people "underscores the importance of standing in total solidarity with Ukraine," Carney said. Carney said when G7 leaders met for dinner on Monday before Trump left, they stressed the importance of using "maximum pressure against Russia" to force it to start serious peace talks. Zelenskyy said he had told the G7 leaders that "diplomacy is now in a state of crisis" and said they need to continue calling on Trump "to use his real influence" to force an end to the war. "Even if the American President is not putting enough pressure on Russia right now, the truth is that America still has the broadest global interests and the largest number of allies. All of them will need strong protection," he said in a post on his Telegram account. Although Canada is one of Ukraine's most vocal defenders, its ability to help Kyiv is far outweighed by the United States, the largest arms supplier. Zelenskyy had said he hoped to talk to Trump about acquiring more weapons. Canada dropped plans for the G7 to issue a strong statement on the war in Ukraine after resistance from the United States, a Canadian official told reporters. When the summit ends later on Tuesday, Carney plans to issue a chair statement calling for more pressure on Russia through sanctions and saying the G7 backs U.S.-led peace efforts, two G7 sources said. Canada holds the rotating G7 presidency this year. Other leaders do not need to sign off on G7 chair statements. A European official said leaders had stressed to Trump their plans to be hard on Russia and Trump seemed impressed, though he does not like sanctions in principle. Three European diplomats said they had heard signals from Trump that he wanted to raise pressure on Putin and consider a U.S. Senate bill drafted by Senator Lindsey Graham, but that he had not committed to anything. "I am returning to Germany with cautious optimism that decisions will also be made in America in the coming days to impose further sanctions against Russia," German Chancellor Friedrich Merz said. G7 leaders agreed on six statements, about migrant smuggling, artificial intelligence, critical minerals, wildfires, transnational repression and quantum computing. KREMLIN SAYS G7 LOOKS 'RATHER USELESS' Trump said on Monday he needed to be back in Washington as soon as possible due to the situation in the Middle East, where escalating attacks between Iran and Israel have raised risks of a broader regional conflict. He later said his early departure from the summit had "nothing to do with" working on a ceasefire between Israel and Iran, however, denying comments by French President Emmanuel Macron, who had said the U.S. president leaving could be a sign of a potential deal. A White House official said Trump explained that he returned to the U.S. because it is better to hold high-level National Security Council meetings in person, rather than over the phone. Trump did agree to a group statement published on Monday calling for a resolution of the Israel-Iran conflict. The statement said Iran is the principal source of regional instability and terror and that Israel has the right to defend itself. Upon arriving at the summit on Monday, Trump said that the then Group of Eight had been wrong to expel Russia after Putin ordered the occupation of Crimea in 2014. The Kremlin said on Tuesday that Trump was right and said the G7 was no longer significant for Russia and looked "rather useless." Carney also invited non-G7 members Mexico, India, Australia, South Africa, South Korea and Brazil, as he tries to shore up alliances elsewhere and diversify Canada's exports away from the United States. © Thomson Reuters 2025.
Nikkei Asia
2 hours ago
- Nikkei Asia
Komatsu eyes price hikes in Latin America regardless of US tariffs: CFO
TOKYO -- Japanese construction machinery maker Komatsu plans to raise prices in Latin America -- its second-largest market after North America -- where it holds a price advantage over major U.S. competitors, Chief Financial Officer Takeshi Horikoshi told Nikkei in an interview.
Kyodo News
4 hours ago
- Kyodo News
Trump says he sees chance of trade deal with "tough" Japan
KYODO NEWS - 6 hours ago - 20:41 | All, Japan, World U.S. President Donald Trump said Tuesday he sees a chance for a trade deal with Japan following his meeting with Prime Minister Shigeru Ishiba in Canada. Noting that he had a "great conversation" with Ishiba, which did not yield a deal in their talks on U.S. tariffs, Trump said aboard Air Force One on his trip back to the United States, "The Japanese are tough." "But ultimately, you have to understand we're just going to send a letter saying, 'This is what you're going to pay, otherwise, you don't have to do business with us,'" he said. "But there's a chance." Monday's talks between Trump and Ishiba on the sidelines of the Group of Seven summit in Kananaskis followed a series of bilateral ministerial-level negotiations in which Japan, a key U.S. ally, has sought concessions on Trump's aggressive tariff policies. Related coverage: Japan, U.S. fail to reach tariff deal at Ishiba-Trump summit
