💨 Abstract

Asian shares fell on Thursday, led by losses in automakers, following US President Donald Trump's announcement of new tariffs on auto imports, potentially escalating a global trade war and fueling inflation. Japanese, South Korean, and Chinese electric vehicle manufacturers also saw declines. The dollar hovered near a three-week high, while the euro touched a three-week low. US automakers also lost ground after the announcement, with General Motors and Ford falling significantly.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖