President Donald Trump said he intends to impose tariffs on imports from automobiles, chips and pharmaceutical companies, after President Donald Trump said in a statement in U.S. President Donald Trump said in U.S. President Donald Trump Donald Trump said he has an advantage in the Asian market.
Asian countries from Japan and India to South Korea and Taiwan export products from all three industries to the United States and have already tripped under increased pressure Trump's tariff threat.
Concerns about the expropriation of major Asian export left-wing investors have caused MSCI's most extensive index of Asia-Pacific stocks outside Japan to drop by 0.12%.
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Japan's Nikkei index also cut its early-morning earnings to drop by 0.3% in a day.
The soft performance of Asian stocks is contrary to overnight for S&P 500 and European stocks, both ending with record highs, despite rising concerns about the global trade war.
Trump has Said before The levy on the car will begin on April 2, the day after his cabinet members will report to him, outlining his options for various import responsibilities that seek to reshape global trade. The impact of these levies will be felt throughout Asia.
Japanese autos, chip giants are at risk
Japanese automakers such as Toyota, Honda, Nissan and Mazda are all major exporters in the United States. All of them are already facing potential tariffs of 10% of imports to the United States through Mexico.
The risk of higher taxation means automakers are the biggest drag on Japan's Nikkei index. The automatic index fell by 1.5%.
Although shares of South Korean automakers such as Hyundai and Kia are the same, the country's stock is the only outlier in the region, with a steady growth of 1.7%.
Although the country also faces the risk of leveraging chip exports, South Korean stocks have acquired stocks at a strong rally.
Meanwhile, in South Korea's Asian chip rival Taiwan, the mood was even more frustrated, and the final results of the market fell by 0.26%. TSMC, the world's largest contract chip maker and the heaviest-weighted stock on Taiwan's weighted index, fell by nearly 1%.
However, Analysts hope Tariffs that are not intended to take effect until April will “some negotiations” between Taiwan and the United States.
Tough days for Indian investors
In India, the market has struggled since the Trump election victory and investors have not received much relief as auto and drug stocks lowered their benchmarks.
The 25% tax rate may have hit India's huge pharmaceutical industry, with most Indian generic manufacturers seeing the United States as their largest market. For most major Indian pharmaceutical companies, North America's revenue accounts for 30% to 50% of the total.
Indian pharmaceutical companies' index accounted for 2% in seven months on Wednesday, to its lowest level.
The new tax will be an additional harm to India, which has faced some of the highest tariffs under Trump’s plan to impose mutual taxes.
Concerns about Trump tariffs have lowered India's benchmark index by 13% from its high-level hit rate in September.
Foreign Portfolio Investors (FPIS) has sold $12.3 billion worth of Indian shares so far in 2025, and is seeing a sale price of nearly $16.5 billion throughout 2022. This is the highest foreign loss in India in at least a decade.
- Vishakha Saxena, with Reuters
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