Japan's Nikkei falls, auto shares slump after US tariff announcement
Japan's Nikkei share average fell, impacted by President Trump's auto tariff announcement. Automakers Toyota, Honda, Nissan, and Subaru experienced losses. The tariffs include a 25% tax on imported cars starting next week, intensifying the global ...
By Reuters | Updated:
AP
Japan's Nikkei share average fell on Thursday, weighed down by worries about the impact of U.S. President Donald Trump's auto tariff announcement, with automakers leading the losses.
By 0022 GMT, the Nikkei fell 0.7%, trimming some of its more than 1% losses earlier in the session.
The broader Topix slipped 0.45% to 2,800.37.
Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production.
Toyota Motor lost 2.5% and Honda Motor was down 2.1%, while Nissan Motor slipped 3.6%.
Subaru lost 5.6% to become the worst performer on the Nikkei.
The index for automakers lost 2.26%.
By 0022 GMT, the Nikkei fell 0.7%, trimming some of its more than 1% losses earlier in the session.
The broader Topix slipped 0.45% to 2,800.37.
Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production.
Toyota Motor lost 2.5% and Honda Motor was down 2.1%, while Nissan Motor slipped 3.6%.
Subaru lost 5.6% to become the worst performer on the Nikkei.
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The index for automakers lost 2.26%.
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