{"id":469615,"date":"2025-03-28T05:53:10","date_gmt":"2025-03-28T00:53:10","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=469615"},"modified":"2025-03-28T05:53:10","modified_gmt":"2025-03-28T00:53:10","slug":"most-gulf-markets-slip-on-trumps-automobile-tariffs","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/most-gulf-markets-slip-on-trumps-automobile-tariffs\/","title":{"rendered":"Most Gulf markets slip on Trump\u2019s automobile tariffs"},"content":{"rendered":"<p>Bahrain: Most stock markets in the Gulf fell in early trade on Thursday, as investors braced for U.S. President Donald Trump\u2019s announcement of new tariffs on imported automobiles, rocking automakers globally. Trump announced on Wednesday a 25% tariff on imported cars and light trucks starting next week, widening the ongoing trade war that\u2019s been fuelling market volatility. Dubai\u2019s main share index (.DFMGI), opens new tab dropped 0.2%, hit by a 2.1% fall in MashreqBank (MASB.DU), opens new tab and a 0.4% decline in toll operator Salik Company (SALIK.DU), opens new tab. In Abu Dhabi, the benchmark index (.FTFADGI), opens new tab eased 0.1%. Oil prices &#8211; a catalyst for the Gulf\u2019s financial markets &#8211; edged lower, as markets weighed the impact of Trump\u2019s auto tariffs at a time when concerns swirled about global supply due to U.S. tariff threats on buyers of Venezuelan oil and sanctions on Iran\u2019s oil clients. The Qatari index (.QSI), opens new tab fell 0.4%, with Sharia-compliant lender Masraf Al Rayan (MARK.QA), opens new tab declining 3.5%, as the bank traded ex-dividend. Also, investors in the region cut positions as many prefer to cash in holdings ahead of the Eid holiday, which lasts for a week in Qatar and at least three days in the UAE and other Gulf countries. Saudi Arabia\u2019s benchmark index (.TASI), opens new tab, however, gained 0.6%, with Al Rajhi Bank (1120.SE), opens new tab rising 1.6% and Alinma Bank (1150.SE), opens new tab jumping 2%. News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bahrain: Most stock markets in the Gulf fell in early trade on Thursday, as investors braced for U.S. President Donald Trump\u2019s announcement of new tariffs on imported automobiles, rocking automakers globally. Trump announced on Wednesday a 25% tariff on imported cars and light trucks starting next week, widening the ongoing trade war that\u2019s been fuelling [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-469615","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Most Gulf markets slip on Trump\u2019s automobile tariffs<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/most-gulf-markets-slip-on-trumps-automobile-tariffs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Most Gulf markets slip on Trump\u2019s automobile tariffs\" \/>\n<meta property=\"og:description\" content=\"Bahrain: Most stock markets in the Gulf fell in early trade on Thursday, as investors braced for U.S. President Donald Trump\u2019s announcement of new tariffs on imported automobiles, rocking automakers globally. 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