TOKYO — Export prices of Japanese vehicles bound for the U.S. in May fell 20% per unit on the year, according to figures released Wednesday, as automakers appear to largely be absorbing costs from President Donald Trump’s tariffs to maintain prices in the market.
The value of all exports to the U.S. in May totaled 1.51 trillion yen ($10.4 billion), down 11.1% from a year ago, according to the Japanese Finance Ministry. The figure for automobiles fell 24.7% to about 363.4 billion yen.
