Good morning from the Financial Times.
Today is Friday, March 28, and this is your FT news briefing.
The car industry has hit the skids and Chinese authorities are giving IPOs the green light.
Plus, protesters in Turkey are worried about their democracy.
There's been arrests of journalists, academics, a talent agent.
Anybody who has come out and been critical of the government is a potential target.
I'm Sonia Hudson and here's the news.
You need to start your day.
Shares in car companies took a hit yesterday.
Investors were reacting to US President Donald Trump's new 25% tariffs on automotive imports.
One analyst told the FTSE that when you factor in additional tariffs that are expected next week,
levies, these could end up being as high as 50% on some vehicles.
Now, almost half of all the cars sold in the US Are imported,
and even those that are assembled in America get the majority of their parts from overseas.
General Motors stock slid more than 7% yesterday and Ford was down roughly 4%.
Spring is in the air for companies looking to list publicly in China.
Financial authorities in the country have told certain groups that they can go ahead and file their IPO paperwork.
It's a big change and it could signal the start of a listings revival.
The FT's Asia markets correspondent, Arjun Neel Alim is staying up late to talk to me about it.
Hey, Arjun.