The stocks of Japanese car manufacturers are rising after the United States reduces cars tariffs

Photo of author

By [email protected]


The newly recorded new Honda cars are being stopped in a storage square in the Bristol Port on January 15, 2025 near Bristol, England.

Anna Barclay Gety pictures

According to what was reported, the shares of Japanese car manufacturers decreased after the US car tariff decreased to 15 % from the current 25 %, according to the NHK general broadcaster, citing a Japanese official.

Japan shares Honda More than 8 % jump, while Toyota It rose above 11 %. April More than 8 % jump, and and Mazda The engine rose more than 17 %. Mitsubishi Motors has emerged more than 13 %.

The shares of the South Korea auto company Hyundai also increased more than 6 % on this announcement, while Kia increased by 0.2 %.

While NHK stated that the customs tariff by 15 % will be applied to Japanese brands, it is unclear whether the reduced rate will be extended to include other auto manufacturers.

US President Donald Trump announced previously 25 % tariffs on all imported vehicles On March 26, which entered into force on April 2.

Cars to the United States is the cornerstone of the Japanese economy, and it constitutes 28.3 % of all shipments in 2024, According to customs data.

US President Donald Trump announced on Tuesday that he hit what he had been called.The biggest deal ever“With Japan, it is 15 %” mutual “on Japanese exports to the United States

After publishing on the social truth, Trump also claimed that Japan would invest $ 550 billion in the United States, and that America would receive “90 % of the profits.”

He added that Japan also agreed to open its market to a broader group of American goods, including cars, trucks, rice and other agricultural products.

– CNBC Lim Hui Jie contributed to this report.



https://image.cnbcfm.com/api/v1/image/108098484-1738853394774-gettyimages-2194087186-honda-1.jpeg?v=1743149243&w=1920&h=1080

Source link

Leave a Comment