US EditionToyota, Honda have lowest inventories prior to Trump auto tariffs
- On Friday at 0700 GMT, Asian markets declined, with the Nikkei 225 down 1.8 percent at 37,120.33 and the Hang Seng Index down 0.7 percent at 23,419.81, amid concerns about trade and inflation.
- The market downturn was triggered by President Trump's announcement of steep 25 percent tariffs on vehicle imports, sparking worries of a long-running global trade war and reigniting inflation concerns, leading investors to safe havens like gold, which hit a new record high of $3,084.94.
- Auto companies, including Toyota, Honda, Nissan, and Mazda, experienced declines between 1.3 and 3.9 percent, while the yen strengthened against the dollar and Tokyo inflation rose more than expected, boosting bets on another central bank rate hike.
- Chinese leader Xi Jinping met with business leaders, including Ray Dalio and Lee Jae-yong, stating, "China is firmly committed to advancing reform and opening up" while also warning of "severe challenges" facing the world trading system.
- Investors are anticipating further tariff announcements expected on April 2, as the initial announcement of tariffs on vehicles led to a decrease in consumer confidence due to growing concerns over higher prices and the potential for increased costs for consumers.
42 Articles
42 Articles
Pacific Daily News
Asian markets sink as autos suffer more tariff-fuelled losses
Auto companies once again took the brunt of the selling on another tough day for markets Friday after President Donald Trump announced steep tariffs on vehicle imports to go with a wave of other US levies pencilled in for next…
Dow Dips 150 Points Following Trump's Auto Tariffs, Verint Systems Slides On Q4 Miss: Greed Index Remains In 'Fear' Zone - Mercedes-Benz Group (OTC:MBGAF), Katapult Holdings (NASDAQ:KPLT)
The CNN Money Fear and Greed index showed almost no change in the overall market sentiment, while the index remained in the “Fear” zone on Thursday. U.S. stocks settled lower on Thursday, with the Dow Jones index falling more than 150 points during the session as investors assessed recent tariff-related news. Late Wednesday, Trump announced a 25% tariff on all auto imports starting next week, with duties on auto parts set to follow in May. Europ…
Trump Administration's Auto Tariffs: US Big 3 Stocks Fall, "The Only Winner"
On the 27th, the New York Stock Exchange saw the share prices of the three major automakers (the Big Three), General Motors (GM), Ford Motor, and Stellantis, all fall. There were concerns that the 25% auto tariff announced by the Trump administration the previous day would be a factor in worsening business performance. Meanwhile, the share price of electric vehicle (EV) giant Tesla rose. All of its sales to the US are domestic.
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