Japan’s Nikkei plunges to 8-month low on Trump’s tariff shock

April 3, 2025

Japan’s Nikkei share average plummeted to an eight-month low following President Trump’s announcement of a 24% levy on Japanese goods. The steep tariffs caused a widespread market decline, with the banking sector and automakers experiencing significant losses. Toyota shares fell 4.7%, and Tokyo Electron dropped 5.8%.

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