Detroit automakers oppose U.S.-Japan trade deal, fearing it disadvantages American car industry and workers.

Detroit automakers are criticizing a potential U.S.-Japan trade deal that could reduce tariffs on Japanese auto imports to 15%, while keeping tariffs on Canadian and Mexican imports at 25%. They argue this could harm the U.S. automotive industry and workers. Meanwhile, shares of European carmakers like Volkswagen, BMW, and Mercedes-Benz rose over 4% on hopes of similar tariff reductions.