Market Chatter: Toyota Tsusho Bypasses U.S. Tariffs with Direct Shipments to Mexico, Canada

MT Newswires Live07-17

Toyota Tsusho (TYO:8015) has launched a direct shipping service from Japan to Mexico and Canada for auto parts suppliers, avoiding double tariffs that would apply if goods transited through the U.S., Nikkei Asia reported on Friday.

The trading house consolidates products from multiple suppliers into weekly shipments, which go directly to its regional bases before final delivery, with customs clearance handled in-house, the news daily said.

The service cuts logistics costs by 24% for shipments to Canada and 61% for those to Mexico compared to routes via Nagoya, the publication said.

Toyota Tsusho did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment