Japanese Prime Minister Shigeru Ishiba said he won’t rule out countermeasures against the Trump administration’s 25% tariff on US car imports.

A strong U.S. security ally with a large trade surplus, Japan has few options for retaliating against the tariffs. Instead, it is bracing for an economic hit.

Japanese Prime Minister Shigeru Ishiba said on Thursday Tokyo will put "all options on the table" in dealing with Washington's announcement to impose a 25% tariff on automobile imports.