March 27, 2025 at 02:45 am EDT
(MT Newswires) -- Japanese shares fell on Thursday after US President Donald Trump unveiled a 25% tariff on imported cars and light trucks starting next week, raising concerns about higher prices and disrupted production.
The Nikkei 225 fell 0.6%, or 227.32 points, to end at 37,799.97.
Trump, aiming to raise revenue and revive US manufacturing, said collections would start on April 3, a day after he plans to disclose reciprocal tariffs targeting major contributors to the US trade deficit.
The move is based on a 2019 Section 232 investigation that found auto imports threaten U.S. national security, though Trump previously held off on tariffs.
The directive includes temporary exemptions for auto parts, including those compliant with the US-Mexico-Canada Agreement (USMCA), allowing largely duty-free trade with Canada and Mexico.
On the corporate front, Dainichiseika Color & Chemicals will sell its 40% stake in Dutch resin maker Plalloy MTD to Kisco Ltd. for (Euro)1 million (161.5 million yen), according to a Wednesday filing.
The sale, closing on April 11, will result in a 1.1 billion yen consolidated and 2 billion yen non-consolidated loss.
Dainichiseika cut its profit forecast by 600 million yen to 10 billion yen, down 5.7%. It maintains a dividend forecast of 90 yen per share.
Konica Minolta will sell its UK-based marketing unit to adm Group. The company expects an operating loss of 11.5 billion yen in the fourth quarter ending March 2025.

Sumber : MT Newswires