Japanese cars in stock market went ‘nuts' after trade deal with Trump
Making a car in Japan and then sending it to America was going to be hit with the original 25 per cent tariff US President Donald Trump ordered, which meant Japanese cars in America were going to be uncompetitive.
Now, a trade deal has been secured where Japan has settled on a 15 per cent tariff.
This has seen car brands in the stock market rise, with Mazda up by 3.7 per cent and Subaru up by 2.7 per cent on Thursday.
'They went nuts,' Mr Greenwood said.
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