Asian auto stocks extend declines as Trump tariffs on car imports dent sentiment
Portfolio Pulse from
U.S. President Donald Trump announced new 25% tariffs on imported passenger vehicles, light trucks, and key automobile parts, effective April 2. The tariffs are expected to raise vehicle prices by $5,000 to $15,000, according to Goldman Sachs. Over 90% of U.S. motor vehicle imports come from the EU, Canada, Mexico, South Korea, and Japan, causing significant market concern about potential trade war escalation.
March 28, 2025 | 2:00 am
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Honda Motor Co. stock dropped 4.24% as Trump's new auto import tariffs threaten to disrupt global automotive supply chains and increase vehicle prices.
Honda, with significant international manufacturing presence, is directly impacted by the new tariffs. The 4.24% stock decline reflects investor concerns about potential increased costs, reduced competitiveness, and trade tensions.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Toyota Motor Corporation stock fell 4.29% following the US announcement of new 25% tariffs on imported vehicles and parts, signaling market uncertainty.
Toyota, as a major international automaker, faces significant potential disruption from the new tariffs. The stock decline reflects investor concerns about increased production costs and potential market access challenges.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90