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Recently imported new unregistered Honda cars parked in the storage yard at Bristol’s port on January 15, 2025 near Bristol, England.
Anna Barclay | Gets the image
Asia carmakers have fallen after US President Donald Trump has announced that he would introduce tariffs to cars that have not been made in the country.
Japanese automakers toyota and Honda decreased by 3.69% and 2.91% respectively. Nissan, having two plants in Mexico decreased by 2.92%, and Motor Mazda lost more than 6%. Mitsubishi Motor fell by 4.9%.
Kia Motors South Korea having Production Plant in MexicoShipped 2.76%. Chinese Nio and XPeng shares decreased by 3.94% and 1.97% respectively.
These new tariffs will come into force on April 2. White House Assistant Will Sharf explained that the tariffs would be applied to “cars made by foreign and light trucks” except existing duties.
Full information about the announcement remains unclear, as most cars consist of parts of different countries.
These tariffs are expected to also bring more than $ 100 billion in the United States to the US, Correl estimated.
“Every automaker who sells vehicles in the US depends on global supply networks for car spare parts, and many of them come from China,” said Carl Brauer, Executive Analyst.
“This means that even if Honda or Toyota is collecting a model in the United States, details coming from China will increase the cost of receiving these vehicles,” he said CNBC via email, adding that these expenses will either reduce the automaker’s profits, or transferred to consumers in the form of a higher price.
The analyst assembled in the US in the US will also be affected, although at a lower level, based on the stock of its foreign parts.
“No American car retailer will avoid the influence of these tariffs,” Brawer said.
Ursula von der Leyen, President of the European Commission Ursul von Der on the social media platform X And he confirmed that the European Union will continue to seek negotiation decisions, “keeping its economic interests.”
“The fact that this signed executive order makes it a little stronger than we thought it would be,” said Joseph McCababi, CEO and President Autoforecast Solutions.
“Rolling it back until April 2, it seems not likely. It will act most likely a couple of weeks, if not a month, and then we will see some devastation in this term,” he added.
