Photo Credit:Fair Use [17 U.S.C. § 107] Economist Steve Rattner points out that US taxpayers are one the hook for price increases.

Who Really Pays for the Trump-Japan Tariff Deal? American EV Buyers Might

24 Jul 2025 | Abstracted from EVWorld.com

American consumers - especially EV buyers - are the real payers in Trump's U.S.-Japan tariff deal, warns economist Steve Rattner. Tariffs on Japanese autos don't hurt Japan; they're passed through higher prices at U.S. dealerships. Even American-made EVs using Japanese parts may see cost increases. Though the deal includes Japanese investments, there's no guarantee of job gains. Increased EV prices could slow clean-tech adoption, underscoring the hidden costs of trade policy.

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