Thursday, March 27, 2025

Trump tariffs hit Japanese, South Korean carmakers, Toyota, Hyundai slide

INTRO: Shares of Japanese and South Korean automakers slid Thursday morning after U.S. President Donald Trump imposed 25% tariffs on all cars shipped to that country.

Toyota, the country's largest automobile manufacturer, was off 3.3% while South Korea's largest carmaker Hyundai Motor and its sister firm Kia Motors slid 4% and 3%, respectively. Laura Westbrook has more.