Japanese car shares recover after the fees have been reduced to 15%

The shares of Japanese car businesses in Tokyo increased after US President Donald Trump signed an executive order to implement an agreement that imposes a maximum of 15% for customs duties on the sector, which has increased the morale of investors. The “Topix” ​​sub -Sector index for the car sector jumped by about 2.8% at the beginning of the trading, and achieved the highest increase in a month before giving up some of its profits to increase 0.6% at 11:10 in Tokyo. The shares of “Mazda car” and “Nissan car”, which achieved more than 50% of revenue in North America, rose by more than 5% at some point. Despite the increase in the “Toyota Motor” share, about 3.5%, it was traded by 0.5% before the day. “This should be considered a good news for the car sector, as customs duties have had the biggest negative impact. We will probably continue with the Japanese car businesses to get a market share compared to international competitors.” Also read: Washington ends the ‘congestion system’ on Japan, and by lowering car fees, car manufacturers and parts were one of the most groups of Trump’s decision known in April ‘Liberation Day’, as the sub -index fell by more than 6% during the two weeks after the second day of April. He warned against American graphics, while Trump’s executive order rejected a fog of manure, investors are still cautious about the extent of car manufacturers’ ability to reduce the impact of customs duties by 15%, according to Sigi Sugora, an analyst at Tokyo Intelligence Laboratory. He added that “the ability of companies to implement anti -budget procedures for the impact of customs duties is not yet clear,” and that the shares of car companies have already increased following the announcement of a Japan and the United States in July, so it is likely that the Friday is limited and short -term.