From Yahoo Finance: 2025-03-26 23:53:00

President Trump announced a 25% tariff on imported cars to boost US manufacturing, impacting global automakers. Japanese stocks fell with Nikkei losing 0.6%, Toyota down 2%, and Honda 2.5%. South Korea’s Kospi dropped 1.4%, and Hyundai lost 4.3%. Chinese shares rose, but Taiwan’s Taiex sank 1.4%. US markets also saw declines.

Big Tech weakness led to S&P 500 and Dow Jones losses. Nvidia fell 6%, impacting the S&P 500 heavily. Tesla dropped 5.6% amid concerns about CEO Elon Musk. Other automakers like GM and Ford declined. Economic indicators remain strong, but businesses may hold back investments due to tariff uncertainty.

In energy trading, US crude was at $69.60 a barrel and Brent crude at $73.73. Currency trading saw the US dollar decline against the yen and euro. The impact of Trump’s tariff announcement reverberated across global markets, affecting automakers, tech stocks, and investor sentiment.

Read more: Asian shares sag after Trump raises tariffs on auto imports