Shares of Japanese car giants drop sharply after Trump's tariff announcement

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TOKYO: Shares in Japan's biggest car companies fell on Thursday (Mar 27) after US President Donald Trump announced a 25 per cent tariff on auto imports to take effect next week.

Among imports, about half come from Mexico and Canada, with Japan, South Korea and Germany also major suppliers.

Mitsubishi Motors was down 3.7 per cent, and in South Korea, Hyundai shares dipped 3.4 per cent.

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Category: EconomyBusiness

Markets: SingaporeCanadaGermanyJapanSouth KoreaMexicoUnited States

Topics: Been Tariff States Cent Fell United Toyota Japan Cars Making Biggest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 09:02:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27361951

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 3 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 4 hours ago

Coverage Areas: Singapore

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Publisher ID: #27

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