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Asian Markets Mixed As Autos Suffer More Tariff-fuelled Losses

Markets Mixed
International Business Times Fews App News Provider
Fews App Post Time 4d ago

Canadian Prime Minister Mark Carney warned the 'old relationship' with Washington 'is over' AFP Asian markets were mixed Friday as traders brace for next week's expected wave of US tariffs, while auto firms extended their painful losses following President Donald Trump's announcement of steep levies on vehicle imports. The mood on trading floors has soured in recent weeks as the White House presses ahead with its hardball policy approach that has hit friend and foe alike and fuelled recession fears. The president's pledge to impose 25 percent levies on all autos coming into the United States overshadowed earlier indications that planned reciprocal measures due on Trump's so-called "Liberation Day" on April 2.

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