Transportation
Japanese Automakers’ Shares Tumble on Eve of Trump Tariffs
- Many make vehicles in Mexico for import into North America
- Trump imposing 25% tariffs on imports from Mexico and Canada
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Japanese automakers’ shares tumbled after US President Donald Trump pledged to impose tariffs against Canada and Mexico, with investors worried their operations may be upended considering many have factories south of the border from where they send cars into North America.
Toyota Motor Corp. shares fell as much as 5.5% in early Tokyo trading on Monday, the biggest drop since September. Honda Motor Co. slid 7.5% while Nissan Motor Co. dropped more than 10.3%, the sharpest intraday decline since late December.