Asian auto stocks extend declines as Trump tariffs on car imports dent sentiment
1. Asian auto stocks declined due to impending U.S. tariffs. 2. Tariffs will raise prices on imported and domestic vehicles significantly. 3. Goldman Sachs estimates price increases of $5,000 to $15,000 on imports. 4. Concerns of retaliatory tariffs from trading partners are escalating. 5. Implementation challenges of tariffs on auto parts are noted.