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Markets plummet globally ahead of Trump's new tariffs, expected to raise car prices.
Global markets are experiencing significant sell-offs ahead of President Trump's planned tariffs set to take effect on Wednesday.
Asian and European indices, including Japan's Nikkei and South Korea's KOSPI, saw declines of over 4% and 3%, respectively, while European markets fell by around 1.76-1.82%.
U.S. markets closed last week with substantial losses.
The tariffs, expected to include a 25% tax on imported vehicles, are predicted to raise prices for foreign and domestic cars due to higher costs for imported parts and increased demand for U.S.-made vehicles.
Trump claims these tariffs will benefit the U.S., but analysts fear potential economic repercussions.
Los mercados se desploman a nivel mundial antes de los nuevos aranceles de Trump, que se espera que aumenten los precios de los automóviles.