Charlotte Reed digs through Stellantis' numbers after the automaker warns of a €2.3 billion net loss in the first half of the year.

If no deal is made, Japanese imports face a 25 percent tariff from Trump, which threatens to drive up prices in the U.S. on affected goods. Japan mostly exports vehicles, machinery, and electronics to the U.S. It also risks damaging relations with a key Pacific ally of Washington.