Japan auto stocks soar on report of lower tariffs — Toyota jumps 11%

Shares of Japanese automakers surged aft U.S. car tariffs were reportedly lowered to 15% from the existent 25%, according to nationalist broadcaster NHK, citing a Japanese official.

Stocks of Japan's Honda jumped much than 8%, portion Toyota roseate supra 11%. Nissan jumped implicit 8%, and Mazda Motor surged implicit 17%. Mitsubishi Motors popped implicit 13%.

Stocks of South Korean carmaker Hyundai besides roseate implicit 6% connected the announcement, portion Kia was up 0.2%.

While NHK reported that the 15% tariffs volition use to Japanese makes, it is unclear if the reduced complaint volition beryllium extended to different automakers.

U.S. President Donald Trump antecedently announced a 25% tariff connected each imported vehicles connected March 26, which went into effect connected April 2.

Auto exports to the U.S. are a cornerstone of Japan's economy, making up 28.3% of each shipments successful 2024, according to customs data.

U.S. President Donald Trump announced Tuesday stateside that helium had struck what helium called the "largest Deal ever" with Japan, featuring 15% "reciprocal" tariffs connected Japanese exports to the U.S.

Posting connected Truth Social, Trump besides claimed that Japan would put $550 cardinal into the U.S., and that America would person "90% of the Profits."

He added that Japan besides agreed to unfastened its marketplace to a broader scope of U.S. goods, including automobiles, trucks, rice, and different cultivation products.

— CNBC's Lim Hui Jie contributed to this report.