Nissan, Nippon Steel show perils of misreading political, economic tides

Stock movements underscore business uncertainty in a protectionist world

20241231N nissan nippon steel side by side

Nissan Motor President Makoto Uchida, left, and Nippon Steel President Tadashi Imai have faced the challenge of navigating a shifting geopolitical landscape. (Source photos by Nikkei)

MAKOTO KAJIWARA, Nikkei commentator

TOKYO -- The stock market toward the end of 2024 reflected two major missteps by corporate Japan.

Nissan Motor's share price has fallen more or less consistently since autumn as Donald Trump, who proposes higher tariffs on goods from Mexico, took the lead in the U.S. presidential election.

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