Stocks of Japan automakers soars after U.S. lowers auto tariffs
The recently imported brand new indifferent Honda Cars, Bristol, Britain, on January 15, 2025, was parked in a storage garden in Bristol Port.
Anna Barclay | Getty Images
Referring to a Japanese official, according to public publisher NHK, US automobile tariffs reportedly reduced from 25% to 15%.
Japan stocks Honda Increased by 8.42 % Toyota 9.97 %climbed. Nissan He jumped more than 7 %and Mazda The engine increased over 16%. Mitsubishi Motors exploded more than 12%.
South Korean automobile manufacturer Hyundai stocks increased by more than 5% in the announcement, while the Kia increased by 0.2%.
While NHK reports that 15% tariffs will be valid for Japanese reel, it is unclear whether the low rate will be expanded to other automobile manufacturers.
US President Donald Trump announced a 25% tariff for all imported vehicles that entered into force on 2 April 26th on 26 March.
Automatic exports to the USA is the cornerstone of the Japan economy and constitutes 28.3% of all posts in 2024, According to customs data.
US President Donald Trump said on Tuesday that he shot what he called “the biggest agreement so far” with Japan.
Trump socially publishes the truth, claiming that Japan will invest 550 billion dollars in the US and that the United States will receive “90% of profit”.
He added that he agreed to open Japan’s market to a wider US range of goods, including cars, trucks, rice and other agricultural products.
– CNBC’s Lim Hui Jie contributed to this report.
