Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
The Japanese government has issued a corrective order to Toyota Motor Corp after discovering new violations in the company's vehicle certification procedures.
The transport ministry's on-site inspections revealed widespread, intentional misconduct and irregularities in seven additional models that had not been previously disclosed. This follows earlier revelations in June.
Key Points:
Newly Discovered Violations:
- The ministry's inspections uncovered irregularities in the certification of seven more models.
- These issues involve both currently produced and discontinued models.
Toyota's Response:
- Toyota has acknowledged the corrective order and stated it will "make drastic reforms to ensure appropriate certification operations."
Previous Admissions:
- Earlier this month, Toyota had claimed no new cases of wrongdoing beyond those reported in June.
- In June, Toyota and four other automakers admitted to submitting flawed or manipulated data for vehicle certification.
Affected Models:
- Newly discovered violations involve three production models: Corolla Fielder, Corolla Axio, and Yaris Cross.
- Discontinued models include some sold under the Lexus brand.
- Additional models with irregularities include the Noah, Voxy, Harrier, and Lexus LM, with six of these certified in other countries. Authorities in those countries have been alerted.
Industry-Wide Checks:
- The investigation and subsequent corrective order follow an industry-wide check mandated by the transport ministry after a safety test scandal at Toyota's Daihatsu compact car unit.
The latest findings and the corrective order highlight the need for comprehensive reforms in Toyota's certification processes to ensure compliance and integrity in vehicle safety and performance standards.
Comments
Post a Comment