Japan's Nikkei falls over 2% on Trump tariff worries; auto makers tumble

Reuters08:29

Japan's Nikkei falls over 2% on Trump tariff worries; auto makers tumble

TOKYO, Feb 3 (Reuters) - Japanese shares tumbled on Monday, led by automakers, after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China over the weekend, raising worries that Japanese exports may also become a target.

The Nikkei .N225 had declined 2.1% to 38,742.33 by 0009 GMT, while the broader Topix .TOPX was down 1.95% to 2,734.19.

Toyota Motor 7203.T lost 4% and Honda Motor 7267.T lost 6%.

All of the Tokyo Stock Exchange's 33 industry sub-indexes fell. The automaker index .ITEQP.T tumbled 4.8% to become the worst performer.

The White House said the United States would impose 25% tariffs on Canada and Mexico, and 10% on China.

Canada and Mexico immediately vowed retaliatory measures, and China said it would challenge Trump's levies at the World Trade Organization.

Game maker Konami Group 9766.T jumped 6% to become the biggest support to the Nikkei.

(Reporting by Junko Fujita; Editing by Subhranshu Sahu)

((junko.fujita@thomsonreuters.com;))

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