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What is the impact of Trump's "tariff stick"? U.S. Autos manufacturers organization: Prices will increase by 25%!
① The Automotive Innovation Alliance warns that Trump's new tariffs on Canada and Mexico will significantly increase car prices, with some models expected to rise by 25%. ② Auto Manufacturers warn that the tariffs will disrupt the North American integrated supply chain, increase Consumer costs, and put the USA auto industry at a competitive disadvantage.
The Nikkei Average is down about 15 yen, with buying prevailing but the upper levels are heavy, moving near the previous day's closing price = 5 days before the market close.
At around 10:08 AM on the 5th, the Nikkei average stock price fluctuates near 37,315 yen, down about 15 yen from the previous day. At 9:15 AM, it reached 37,178 yen, down 152 yen and 46 sen, but it is now in a range near the previous day's closing price. In the morning, the depreciation of the yen in the Foreign Exchange market was seen as a positive factor, leading to a buying advantage at the start of trading. However, it turned downward due to selling as participants awaited a rebound. On the 4th, the U.S. government imposed a 25% tariff on imports from Canada and Mexico.
Trends in ADR on the 4th = Keyence, Mitsubishi Heavy Industries, Toyota, etc., are low in yen conversion values.
On the 4th, the ADR (American Depositary Receipt) showed a significant decline compared to the Tokyo closing price converted to yen. In yen terms, Keyence <6861.T>, Mitsubishi Heavy Industries <7011.T>, Toyota <7203.T>, Nomura <8604.T>, and Nitori HD <9843.T> were all down. Denso <6902.T>, Honda <7267.T>, Mitsubishi UFJ <8306.T>, and SoftBank Group <9984.T> also showed weakness. Provided by Wealth Advisor Company.
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