Global actions mainly sagged Thursday after the president Donald Trump announced that it would take 25% of prices on imported cars.
Trump said that it increased duties on automotive imports to encourage more manufacturing in the United States, but the impact will have been complicated since American car manufacturers and even foreign manufacturers with factories in the United States get many components from around the world.
In pre-commercial exchanges early Thursday, General Motors Co.’s actions fell 6.5%, while Ford Motor Co. lost 3%.
The CAC 40 of France decreased by 0.6% at the beginning of 7,982.08, while the Dax of Germany dropped by 0.8% to 22,661.50. The British FTSE 100 fell 0.7% to 8,632.12.
The future of the S&P 500 increased by 0.1% while that of the industrial average of Dow Jones won 0.2%.
In Asian trade, the Japanese reference Nikkei 225 lost 0.6% to finish at 37,799.97. The actions of car manufacturers have made big sure.
Toyota Motor Corp. fell by 2%, while Honda Motor Co.’s stock fell by 2.5%. Nissan fell 1.7%. The actions of Mazda Motor Corp. fell 6%, while Subaru’s lost almost 5%. Mitsubishi Motors Corp. lost 3.2%.
Japanese Prime Minister Shigeru Ishiba sought to persuade Trump to exempt Japan from higher prices, and reiterated his position on Thursday.
“We strongly ask that tariff measures are not applied in Japan,” he told journalists.
When asked for possible answers, he said without giving details: “All the options are naturally subject to consider.”
Ivan Espinosa, who will become managing director of Nissan Motor Corp. On April 1, journalists told journalists this week that the automaker was considering several scenarios like what Trump could do was “fluid”.
Get national news
For news that has an impact on Canada and worldwide, register for the safeguarding of news alerts that are delivered to you directly when they occur.
Toyota refused to comment.
South Korea Kospi dropped by 1.4% to 2,607.15. Korean car manufacturers have also felt cold in Trump’s announcement. The actions of Hyundai Motor Co. negotiated in Seoul lost 4.3% while the actions of Kia Corp. fell 3.5%.
The actions of Greater China, with the exception of Taiwan, were higher. Hang’s Hang Seng gained 0.4% at 23,578.80, while Shanghai’s composite index increased by 0.2% to 3,373.75.
Chinese car manufacturers and parts manufacturers have expanded sales worldwide, but not in the United States, so any impact of the tariff announcement would be indirect.
But Taiwan’s reference, the Taiex, flowed 1.4%. In Australia, the S&P / ASX 200 dropped from 0.4% to 7,969.00.
Trade tensions are expected to increase in the coming weeks, analysts said.
“Higher trade barriers can disrupt supply chains and slow growth. Auto, metals, pharmacy and technology are faced with a direct blow of American prices, “said Eunice Tan, responsible for credit research in Asia-Pacific during global notes.
“Ferewriest worldwide fear could reach demand and confidence, by tightening the discretionary sectors downstream from the region.”
On Wednesday, the S&P 500 sank 1.1%, while Dow industrialists lost 0.3%. The weakness of Big Tech sent the Nasdaq Composite to a market drop by 2%, to 17,889.01.
Some American car manufacturers have declined after Trump said that he would announce his prices on automotive imports.
American car giants have already disseminated their production in North America following anterior free trade transactions encompassing the United States, Canada and Mexico.
In other transactions early Thursday, US Benchmark lost 15 cents against $ 69.50 per barrel. Brent Brut, the international standard, fell from 17 cents to $ 72.89 per barrel.
In the trading of currencies, the US dollar increased to 150.87 Japanese yen of 150.54 yen. The euro cost $ 1,0765, against $ 1,07,54.
& Copy 2025 the Canadian press