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Japan’s Carmaker Shares Slump on Trump’s Auto Tariffs

stock :: 2025-03-27 :: source - bloomberg

By Hideyuki Sano

(Bloomberg) -- Shares of Japanese carmakers slumped after US President Donald Trump slapped a 25% tariff on all auto imports, raising concern that it will hurt sales in the key American market.

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Toyota Motor Corp., the world’s largest carmaker by delivery, sank as much as 4% in Tokyo, while Honda Motor Co., which gets more than half its revenue from North America, lost about 3%. Nissan Motor Co. retreated 3.5%, while Mazda Motor Corp. slid more than 5%. Automakers were the worst performers on the Topix index.

Concerns over US tariffs have kept Japanese carmaker shares under pressure, with the Topix Transportation Equipment index underperforming the broader gauge this year. With automobile and auto parts being Japan’s biggest export products to the US, accounting for more than a third of total shipments, the tariffs is also raising worries over the impact on the broader economy.

Trump Hits Auto Imports With 25% Tariff Starting Next Week

The tariffs would go into effect on April 2 and that the US would start to collect them a day later, Trump said. They would apply not only to fully assembled cars but key automobile parts, including engines, transmissions, powertrain parts and electrical components, according to the White House.

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