Asian shares sag after Trump raises tariffs on auto imports

Asian shares sag after Trump raises tariffs on auto imports

TOKIO (AP) – The shares fell on Thursday in Asia, regardless of China, after President Donald Trump announced that he would slap 25 % on the customs tariff. Imported cars.

Trump He said he was raising duties on car imports to encourage more Manufacturing in the United StatesBut the effect will be complicated since then American automaker companies Even foreign manufacturers with factories in the United States source many of their components from all over the world.

Nikkei 225 Japan lost 0.6 % to get 37799.97.

Toyota Motor Corp. Stock Dove 2 %, while Honda Motor 2.5 % shares decreased. Nissan decreased by 1.7 %. Mazda Motor Corp shares decreased by 6 %, while those in Subaru Corp. decreased. Almost 5 % and lost Mitsubishi Motors Corp 3.2 %.

Japanese Prime Minister Shigro Ishiba sought to persuade Trump to exempt Japan from the higher definitions, and repeated his position on Thursday.

“We are strongly asking not to apply customs tariff measures to Japan,” he told reporters.

When asked about possible responses, he said without giving details: “All options are naturally subject to consideration.”

Evan Espinoza, who will become the CEO of Nissan Motor on April 1, told reporters earlier this week that the auto company was studying several scenarios because what Trump might do is “liquid.”

Toyota refused to comment.

South Korea fell 1.4 % to 2,607.15. Korean auto manufacturers also paid a cold from the Trump advertisement. The shares of Hyundai Motor Co. lost. In Seoul 4.3 %, while Kia Corp shares decreased by 3.5 %.

The stocks in Greater China, regardless of Taiwan, were higher. Hang Kong Hang Singh has gained 0.5 % to 23605.67, while the Shanghai compound index increased by 0.2 % to 3,373.75.

Chinese car manufacturers and spare parts are expanding sales around the world, but not in the United States, and therefore any effect of the definitions will be indirect.

But the standard of Taiwan, Tax, drowned 1.4 %.

In Australia, the S&P/ASX 200 0.4 % decreased to 7,969.00.

S & P 500 1.1 % sank to 5,712.20 to break what was Running trading quieter. Dow Jones industrial average plasting a profit of 230 points in the morning to a loss of 132 points, or 0.3 %, at 42,454.79.

The Big Tech's weakness is sent to a 2 % lead in the market, at 17889.01.

The dominant stocks group known as “Seven Magnificent” was at the last sale center of the United States Market, which took S & P 500 10 % earlier this month. Ever she has The first “correction” since 2023. Big Tech bounced in previous years amid madness around her Artificial-TCA Technology said, critics said that their prices rose very quickly compared to their growing profits already quickly.

NVIDIA decreased by 6 % to bring its loss to the young year so far to 15.5 %. It was a weight of weight on the S&P 500 to a large extent.

Other offices related to the prosecution were also weak, including the Super Micro Puilder computer, which decreased by 8.9 %, and power companies that hope to speculate of artificial intelligence data centers.

Timing He was competing for additional challenges, including political fears Anger from its CEO,, Elon Musk, will harm the sales of the electric vehicle maker. Tesla fell 5.6 % to extend its loss for 2025 to 32.6 %.

Other American car manufacturers also decreased after Trump said he would announce Definitions on auto imports.

The US giants have already published their production around North America after the previous free trade deals that include the United States, Canada and Mexico. General Motors drowned 3.1 %. Ford Motor moved from an early gain to loss and return before increasing by 0.1 %.

So far, the economy and the labor market seem to be strong despite the mood of shoppers and the increasing companies.

Importable machinery, aircraft and other long -term products have grown unexpectedly last month, when economists expected to shrink. But a sub -range of data seen as an investment indicator by companies has turned from growth to shrinkage. This can be signs of spending to know how to play definitions.

In energy circulation, American crude lost 5 cents to $ 69.60 a barrel. Brent crude, the international standard, decreased 6 cents to $ 73.73 a barrel.

In currency trading, the US dollar fell to 150.40 yen from 150.54 yen. The cost of the euro is $ 1.0769, up from $ 1.0754.

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AP Stan Choe and Ayaka McGill's video photographer.

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