Stocks skid, dollar nears 3-week top as Trump announces auto tariffs


SYDNEY: Asian shares skidded with Wall Street on Thursday while the dollar hovered near a three-week high after U.S. President Donald Trump announced new tariffs on all auto imports, ratcheting up a global trade war that risks fuelling inflation.

Japan's Nikkei fell 1.2%, led by heavy losses in automakers. Toyota Motor shares tumbled 3.4%, and both Mazda Motor and Subaru plunged about 6%.

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