As the July 9 tariff deadline looms and without a trade deal with the U.S., Japanese carmakers are facing the tough choice of hiking prices on exported vehicles or absorbing the 25% increased cost to sell a car across the Pacific.

President Donald Trump said he is not considering delaying his July 9 deadline for higher tariffs to resume and renewed his threat to cut off talks and impose duty rates on several nations, including Japan.

President Donald Trump said on Tuesday he was not thinking of extending the July 9 deadline for countries to negotiate trade deals with the U.S., and continued to express doubt that an agreement could be reached with Japan.