Vehicles waiting for the shipment were parked at the port 27. March 2025. In Yokohami, Japan. OUR
Tomohiro ohsumi | Getty Images
The Asian cars of the car fell on the other day, while investors switched to the tariff of US President Donald Trump on cars and certain car parts that were not made in the country.
Japanese car manufacturers Toyota and Honda It dropped 4.29%and 4.24%, respectively, Friday. Nissanwhich has three plants in Mexico, reduced 1.63%. Mazda Motor lost 3.99% while Mitsubishi engine dropped 1.27%.
Kia Motors South Korea, which has a Mexico production plantIt was traded 2.66% lower, while the Hyundai engine fell 3.53%.
The new tariffs will enter into force on April 2, and will aim at imported passenger vehicles and light trucks, as well as key car parts, including engines and uploads, Said the White House.
According to analysts, these tariffs are It is expected to increase prices for US customers customers both foreign and locally made vehicles Thousands of dollars.
Goldman Sachs believes that the prices of imported cars could rise by $ 5,000 to $ 15,000. Locally made cars could also see the costs increase up to $ 8,000, said investment bank analyst Mark Delaney.
More than 90% of US motor vehicle motor vehicle imports come from its five commercial partners: European Union, Canada, Mexico, South Korea and Japan, according to Anz.
With the EU, Canada and a few other commercial partners who have expressed their intention of revenge, it seems that the concerns about the “long trade trade war” escalated, analytics Anz said.
Trump has threatened to impose “far greater” tariffs In Canada and the EU if they joined their hands to fight US trade tariffs.
The challenge of the implementation of the tariff also lies in the development of the administration of duties to auto parts, according to the note of the political consultation of Eurasia Group.
“The reunit of the car towards the United States-Mexico-Kanada will be given an opportunity to confirm their content of the US, and the systems will be implemented so that a 25% tariff will only apply to the value of their content that is not in the US,” the White House statement said.
“It is significant that a 25% tariff will not apply to car parts that meet the conditions for USMac, while the trade secretary, in CBP consultation, does not determine the method for tariffs just content that is not in these parts,” said Eurasia Group.
-Cnbc -ov Kevin Breuninger contributed to this report.
