TOKYO (AP) — Shares sagged Thursday in Asia, apart from China, after President Donald Trump announced he will slap 25% tariffs on imported cars.

Shares of mega-cap tech leaders tumbled Wednesday afternoon after a surprise announcement of auto tariffs from the White House.

U.S. equity futures edged lower in early Wednesday trading, while Treasury yields and the dollar held steady, as investors looked for clarity on President Donald Trump's tariff policies while awaiting key inflation data later in the week.

Drops for Nvidia, Tesla and other former superstars dragged Wall Street lower on Wednesday. The S&P 500 sank 1.1% to break what had been a run of calmer trading. The Dow Jones Industrial Average swung from a gain of 230 points in the morning to a loss of 132 points,

Trading on Wall Street is mixed ahead of key U.S. economic data being released later in the week, as well as developments in President Donald Trump’s trade agenda

Wall Street is holding steadier after roaring the day before on hopes that President Donald Trump’s tariffs may not be as sweeping as feared. The S&P 500 was up 0.2% in early trading Tuesday after jumping 1.