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Cars waiting for shipment parked at the port on March 27, 2025 in Japan Yokaham. Us
Tomohiro Ohsumi | Gets the image
Asian cars fell on the second day in a row when investors collapsed over US President Donald Trump tariffs on cars and some car parts that were not made in the country.
Japanese automakers Toyota and Honda On Friday decreased by 4.29% and 4.24%. NissanHaving three plants in Mexico decreased by 1.63%. Mazda MotoR lost 3.99% Mitsubishi Motor fell by 1.27%.
Kia Motors South Korea having Production Plant in Mexicotraded by 2.66% below, and Hyundai Motor decreased by 3.53%.
The shares of some Chinese automakers also fell, and NIO electric cars decreased by 7.83% in Hong Kong. XPeng and Lee the car Slipped 0.57% and 0.78% respectively.
The new tariffs will come into force on April 2 and will be focused on imported cars and light trucks, as well as key car details, including engines and gear, The said the White House.
According to analysts, these tariffs are Expected to increase prices on us buyers both overseas and locally made vehicles for a thousand dollars.
Goldman Sachs believes that imported vehicles can rise by $ 5,000 to $ 15,000. Locally made cars can also see how the costs jump up to $ 8,000, said investment bank analyst Mark Delani.
More than 90% of imports of road vehicles in the US comes from five trading partners: European Union, Canada, Mexico, South Korea and Japan, Anz reports.
From the EU, Canada and several other trading partners who have expressed their intention to avenge, the concern of the “protracted trade war” appears to have grown, Anz analysts said.
Trump has threatened to impose “much larger” tariffs In Canada and the EU when they joined the fight against US trading tariffs.
The task of implementing tariffs is also to develop duties to auto parts.
“The emperors of the car in accordance with the US-Mexico agreement will be given the opportunity to certify their content in the United States and the systems that will be implemented in such a way that the 25% tariff will apply only to the cost of their content,” the White House said.
“In particular, 25% of the tariff will not apply to auto parts entitled to USMCA until the Minister of Trade, when agreeing with CBP, sets the tariff method only in the content of these parts,” Eurosia Group reports.
– Kevin Breninger in this report made his contribution.
