Asian auto stocks extend declines as Trump tariffs on car imports dent sentiment

CNBC

Summary

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Trump announced on Wednesday 25 percent tariffs "on all cars that are not made in the United States" effective 12:01 am (0401 GMT) eastern time on April 3.
The Manila Times
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Shares in companies such as Japan's Toyota and Honda and South Korea's Hyundai Motor and Kia Corp fell, wiping off some $16.5 billion in value, after Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks to take effect on April 3.
The Gazette
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Japan's government warned Thursday of a "significant impact" on its economic ties with the United States and on global trade, after President Donald Trump announced import tariffs on cars.
Japan Today
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On the streets of Tokyo and Seoul, and in "motor city" Gwangju, people were concerned the levies would have a far-reaching impact, speaking to the singular role the car industry has played in the post-war economic rise of the two U.S. allies.
Reuters

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