Asia's carmakers weigh costs of Trump tariffs on Mexico, Canada

Mazda's profit could be squeezed by 44%, says Nomura Securities analyst

20241203 Mazda factory in Salamanca

A Mazda factory in Salamanca, Mexico: The impact of the newly declared tariffs on global automakers operating in the U.S. vary according to each company's dependence on non-U.S. production sites. (Photo by Tomohiro Ichihara)

SAYUMI TAKE, YUICHI SHIGA and KIM JAEWON, Nikkei staff writers

TOKYO/SEOUL -- U.S. President-elect Donald Trump's declaration to raise tariffs on imports from Mexico, Canada and China is the latest blow for Japanese and South Korean carmakers selling in the world's second-largest auto market.

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