0058 GMT - Japanese auto stocks are lower after President Trump said he was considering tariffs of 25% or more on automobiles. The auto tariffs could negatively affect sales of Japanese cars or their profitability in the U.S. market. Toyota Motor, for instance, sold 2.3 million cars in the U.S. last year. Of that, about 23% were exported from Japan. The administration has said that action is likely after April 1. Trump said he would allow "a little bit of a chance" to re-shore production, without providing details. Toyota Motor is down 0.8%, Honda Motor is 0.9% lower and Subaru Corp. is down 1.9%. The benchmark Nikkei Stock Average is flat. (kosaku.narioka@wsj.com; @kosakunarioka)
(END) Dow Jones Newswires
February 18, 2025 19:58 ET (00:58 GMT)
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