Bloomberg Daybreak: Asia Edition APAC Markets React to New US Auto Tariffs
8 snips
Mar 27, 2025 Mary Nicola, a Bloomberg Markets Live strategist in Singapore, discusses the market's immediate reaction to new U.S. auto tariffs, particularly the impact on major automakers like Toyota and Hyundai. Robert Schein, Chief Investment Officer at Blanke Schein Wealth Management, offers insights into how these tariffs might influence inflation and Federal Reserve policies. They explore broader implications for the Asia-Pacific region and highlight investment opportunities amid rising market volatility and geopolitical tensions.
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Tariff Impact on Asian Markets
- Asian equities declined after President Trump's new 25% tariff on imported cars.
- Toyota and Hyundai shares slumped in Asia.
No Sign of Leniency
- Despite Trump mentioning leniency, there are no signs of it for automakers like Hyundai.
- Japan and Korea will be hit hard by the tariffs.
Trump's Transactional Approach
- Trump's transactional approach is evident in his comments on TikTok.
- He suggested lowering tariffs on China if they support a U.S. sale of TikTok.