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The Independent UK
The Independent UK
National
Yuri Kageyama

Stock market today: Asian shares sag after Trump raises tariffs on auto imports

Donald Trump Asia Stock Market United States Big Tech Tesla Inc.

Shares sagged Thursday in Asia, apart from China, after President Donald Trump announced he will slap 25% tariffs on imported cars.

Trump said he was raising duties on auto imports to encourage more manufacturing in the U.S., but the impact will be complicated since U.S. automakers and even foreign manufacturers with factories in the U.S. source many of their components from around the world.

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