TOKYO/SEOUL -- Shares of Japanese and South Korean automakers slid on Thursday after U.S. President Donald Trump imposed 25% tariffs on all cars shipped to that country in his latest trade salvo.
Equities
Trump tariffs hit Japanese, South Korean carmakers; Toyota, Hyundai slide
The day's drop is just the beginning, if Trump keeps policy: Jefferies
Automakers underperformed the benchmark Nikkei Stock Average, which dropped 0.60%, and the broader Tokyo Stock Price Index, which was largely flat. (Nikkei montage/Source photo by Kaisuke Ohta)
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