Japan's Nikkei falls, auto shares slump after US tariff announcement

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Japan's Nikkei falls, auto shares slump after US tariff announcement

, Reuters - 8:30 PM ET 3/26/2025 default

TOKYO, March 27 (Reuters) - Japan's Nikkei share average fell on Thursday, weighed down by worries about the impact of U.S. President Donald Trump's auto tariff announcement, with automakers leading the losses.

By 0022 GMT, the Nikkei fell 0.7%, trimming some of its more than 1% losses earlier in the session.

The broader Topix slipped 0.45% to 2,800.37.

Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production.

Toyota Motor ( TM ) lost 2.5% and Honda Motor ( HMC ) was down 2.1%, while Nissan Motor ( NSANF ) slipped 3.6%.

Subaru lost 5.6% to become the worst performer on the Nikkei.

The index for automakers lost 2.26%.

(Reporting by Junko Fujita; Editing by Alan Barona)

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