Trump tariffs jolt Asian automakers — Toyota likely set for most pain
2025-04-01 14:43:08 source：CNBC
March 31, 2025
Newly announced U.S. tariffs on auto imports have rattled Asian automakers, pressuring companies ahead of the implementation of the duties later in the week.
U.S. President Donald Trump last Wednesday announced sweeping 25% tariffs on cars “not made in the U.S.,” sending shockwaves through global automakers.
Shares of Toyota fell 9.4% in the three sessions following the announcement, while Nissan dropped 9.3%. South Korea’s Hyundai lost 11.2%.
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