Summary: Newly announced U.S. tariffs on auto imports have rattled Asian automakers, particularly Japanese carmakers like Toyota, which is likely to be the worst hit due to its significant U.S. sales. The tariffs, which will impact a major chunk of their revenue from North America, will be difficult to compensate for, and even shifting production to the U.S. is not an immediate solution. While Toyota may be best-placed to weather the tariffs, the impact will still be felt on the bottom line.

Link: https://www.cnbc.com/2025/04/01/trump-tariffs-jolt-asian-automakers-shares-extend-slide.html