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Aisin braces for full brunt of U.S. tariffs

TOKYO — Japan’s Aisin Seiki Co., a world’s sixth-largest automobile supplier, pronounced on Friday it approaching to take a strike of adult to $360 million if a United States raises tariffs on autos and automobile parts.

Speaking to reporters, Aisin President Kiyotaka Ise pronounced he approaching to see an impact of “30 billion yen to 40 billion yen” ($270.39 million – $360.52 million) if new tariffs are implemented.

So far, Japan’s biggest automakers and components suppliers pronounced they have seen singular approach impact from U.S. tariffs on steel and aluminium, though they acknowledge they could take a poignant strike if Washington delivers on proposals to travel tariffs on autos and automobile tools to 25 percent.

Aisin ranks No. 6 on a Automotive News list of a tip 100 tellurian suppliers with worldwide sales to automakers of $33.83 billion in 2017.

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