Stocks in Japan, South Korea skid as Trump announces auto tariffs

Record ID: 1986175

  • Title: Stocks in Japan, South Korea skid as Trump announces auto tariffs
  • Date: 27th March 2025
  • Summary: PARIS, FRANCE (MARCH 27, 2025) (REUTERS) FRENCH PRESIDENT, EMMANUEL MACRON, WALKING OUT OF ELYSEE PRESIDENTIAL PALACE MACRON STANDING BY STEPS MACRON WELCOMING OUTGOING GERMAN CHANCELLOR, OLAF SCHOLZ MACRON WELCOMING EUROPEAN COMMISSION PRESIDENT, URSULA VON DER LEYEN MACRON WELCOMING POLISH PRIME MINISTER, DONALD TUSK MACRON WELCOMING DANISH PRIME MINISTER, METTE FREDERIK
  • Embargoed:
  • Keywords: Asia Japan KOSPI Nikkei 225 Seoul South Korea Tokyo Trump U.S. United States stocks tariffs trade
  • Location: TOKYO, JAPAN / SEOUL, SOUTH KOREA
  • City: TOKYO, JAPAN / SEOUL, SOUTH KOREA
  • Country: Various
  • Topics: Economic Events
  • Reuters ID: LVA002196727032025RP1
  • Aspect Ratio: 16:9
  • Story Text: Asian shares skidded on Thursday (March 27), tracking Wall Street overnight after U.S. President Donald Trump announced new tariffs on all auto imports, ratcheting up a global trade war that risks fuelling inflation.
    Japan's Nikkei fell 1.2%, led by heavy losses in automakers.
    South Korea's KOSPI dropped 0.7%.
    Japanese and South Korean automakers have a big presence in the U.S. market.
    Trump late on Wednesday (March 26) announced plans for long-promised 25% tariffs on automotive imports that are set to go into effect next Wednesday (April 2). However, he said planned reciprocal tariffs on all countries will be "lenient".
    (Production: Tom Bateman, Hee Jung Jung)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register