Business

Japanese automakers hit a speed bump on Trump’s latest tariff threat

Japanese car companies are trading lower on Monday following President Trump’s proposed 25% tariff on goods from Japan and South Korea. Shares of Toyota, Nissan, Honda, and other major automakers from the US’s fifth-largest trading partner were all down by more than 3% in afternoon trading.

The US is the top market for five major Japanese automakers: Toyota, Honda, Nissan, Subaru, and Mazda. It’s been a bumpy year for the companies, which expect huge multibillion-dollar tariff blows as it is. In May, Honda forecast a $4.4 billion tariff hit this year, while Nissan said it expects costs to grow by $3 billion.

While these latest 25% tariffs would not be added to the existing 25% global auto tariffs already put in place by Trump, they do appear to signal to investors that those levies are stickier than they’d previously hoped.

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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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