US President Donald Trump recently signed an executive order implementing a 25% tariff on foreign-made vehicles starting April 2. This decision has prompted warnings of potential retaliation from trade allies, leading to notable repercussions in Asian car markets. Countries like Japan and Canada are currently assessing possible counteractions, as more trade tariffs are anticipated in the coming week.
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Trump signs executive order imposing 25% tariff on foreign vehicles, sparking trade tensions and impacting Asian markets.
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