Shipping vehicles are parked in the port of March 27, 2025 in Yokohama, Japan. US
Tomohiro Ohsumi Getty images
Asian car reserves fell after the second in a row, when investors were worried about the tariffs of US President Donald Trump on cars and some car parts that are not produced in this country.
Japanese car manufacturers Toyota AND Honda It fell by 4.29% and 4.24% respectively on Friday. Nissanwhich has three plants in Mexico, fell by 1.63%. Mazda MotoR lost 3.99% Mitsubishi Motor fell by 1.27%.
Kia Motors in South Korea, which has Production plant in MexicoIt traded 2.66% lower, while the Hyundai engine dropped by 3.53%.
The actions of some Chinese car manufacturers have also collapsed, and the shares of the Electric Vehicle manufacturer fell by 7.83% in Hong Kong. Xpeng AND Li tsar It slipped 0.57% and 0.78%, respectively.
The new tariffs will become effective on April 2 and will be directed by imported passenger vehicles and light trucks, as well as key car parts, including engines and transmissions, The White House said.
According to analysts, these tariffs are It was expected to raise prices for American buyers both foreign and made locally vehicles for thousands of dollars.
Goldman Sachs believes that the prices of imported cars can increase by 5000 to USD 15,000. The Delaney analyst said that locally produced cars could also increase to USD 8,000, Mark Delaney.
According to Anz, over 90% of American imports of motor vehicles come from five trade partners: the European Union, Canada, Mexico, South Korea and Japan.
Together with the EU, Canada and several other trade partners expressing their intentions of revenge, concerns about the “prolonged trade war” seem to escalate ANZ analysts.
Trump has threatened to apply “much larger” tariffs In Canada and the EU, if they connected their hands to combat American trading tariffs.
The challenge of implementing tariffs also consists in developing the process of applying duties to car parts, she informed Eurasia Group political advice in the note.
“Car importers under the United States agreement-meshing-rawberries will have the opportunity to certify their content and systems in the US, will be implemented so that the 25% tariff will apply only to the value of their non-use content”, in accordance with the White House statement.
“In particular, 25% of the tariff does not apply to car parts qualifying for DO USMC, as long as the secretary of trade, in consultation with CBP, establishes the method of characterizing only non-use content in these parts”, according to the Eurasia Group.
—CNBC Kevin Breuninger with CNBC contributed to this report.