Asia Carmakers Fall as Trump Imposes 25% Auto Tariff

What Trump's Auto Tariffs Mean for China, Other Nations

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By Peter Vercoe

March 26, 2025 at 8:27 PM EDT

Updated on

March 26, 2025 at 11:54 PM EDT

Asian carmakers declined, led by Toyota Motor Corp., after US President Donald Trump signed an order to impose a 25% tariff on auto imports starting next week.

Toyota slumped as much as 4% in Tokyo trading on Thursday. Honda Motor Co. dropped as much as 3.4% and Nissan Motor Co. fell as much as 3.9%. Mazda Motor Corp. slid more than 6%, with automakers the worst performers on the Topix index.