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Asian shares fall as US hikes auto tariffs
Hindustan Times
|March 28, 2025
TOKYO: Shares sagged on Thursday in Asia, apart from China, after President Donald Trump announced he will slap 25% tariffs on imported cars.
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Trump said he was raising duties on auto imports to encourage more manufacturing in the US, but the impact will be complicated since US automakers and even foreign manufacturers with factories in the US source many of their components from around the world.
Japan's benchmark Nikkei 225 lost 0.6% to finish at 37,799.97.
Toyota Motor Corp. stock dove 2%, while Honda Motor Co. stock dipped 2.5%. Nissan was down 1.7%. Mazda Motor Corp. shares dropped 6%, while those in Subaru Corp. slipped nearly 5% and Mitsubishi Motors Corp. lost 3.2%.
Esta historia es de la edición March 28, 2025 de Hindustan Times.
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