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Autos Lead Asian Market Losses After Trump's Latest Tariffs Salvo

Autos
International Business Times Fews App News Provider
Fews App Post Time há 5d

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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