Shares of Asia's automakers fall after Trump's 25% tariffs on autos [CNBC]
Toyota Motor Corporation (TM)
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Source: CNBC
Recently imported brand new unregistered Honda cars are parked in a storage yard at the Port of Bristol on January 15, 2025 near Bristol, England. Shares of Asia's automakers fell after U.S. President Donald Trump announced he will impose tariffs on cars not made in the country. Japanese automakers Toyota and Honda fell 3.69% and 2.91% respectively. Nissan, which has two plants in Mexico, declined 2.92%, and Mazda Motor lost over 6%. Mitsubishi Motor fell 4.9%. South Korea's Kia Motors, which has a , dipped 2.76%. These new tariffs will go into effect April 2. White House aide Will Scharf explained that the tariffs will apply to “foreign-made cars and light trucks,” in addition to existing duties. The full details of the proclamation remain unclear, as most
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- Trump tariffs could gross $800 billion in the next decade, CBO head says—but that doesn't account for the backlash [Yahoo! Finance]Yahoo! Finance
- Premarket: Global shares skid as investors await more Trump tariffs [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Stock market today: Global shares skid as investors await more Trump tariffs [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Estados Unidos, Un Mercado Clave Para Los Grandes Exportadores De Automóviles [Barron's]Barrons
- Japan's prime minister calls Trump's tariffs ‘difficult to understand' after carmakers hit by new U.S. levies [Fortune]Fortune
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