Source: International Business Times
Asian carmakers tumbled after Donald Trump said he would impose 25 percent tariffs on vehicles imported into the United States AFP A plunge in automakers hit Asia equities Thursday after Donald Trump announced painful tariffs on all imported vehicles and parts as he presses hardball trade policies many fear will spark a recession. Indications that levies lined up for the president's "Liberation Day" on April 2 would be less severe than feared had given investors a little hope, and helped markets chalk up much-needed gains. However, the White House's habit of alternating between tough talk and leniency has fanned uncertainty, and the latest announcement did little to soothe nerves.
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