Trump drives trade war fears with new autos tariffs

Quick Summary:

WASHINGTON/TOKYO: Asian auto stocks led markets lower on Thursday after U.S.

President Donald Trump unveiled a 25% tariff on imported vehicles, expanding a global trade war and prompting criticism and threats of retaliation from affected U.S.allies.

Trump said on Wednesday auto tariffs could be net neutral for Tesla, the electric car company that is led by Elon Musk, who is also spearheading a government cost-cutting effort.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaBrazilCanadaChinaGermanyIndiaJapanSouth KoreaMexicoUnited States

Topics: Vehicles Asian Economy Tariff /Business/Business News Trade war Auto Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 15:04:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1018 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 27365556

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 23 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 5 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #22

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