0712 GMT - Markets this morning will be processing President Trump's plan to impose 25% tariffs on imported cars, semiconductors and pharmaceuticals, analysts at LBBW Research say. Trump announced the tariffs Tuesday, adding that they could rise substantially over the course of the year and might come on top of reciprocal tariffs the administration says will equalize U.S. tariffs with the duties charged by other countries. "This would hit the export-oriented German automotive industry hard," LBBW Research adds. Trump plans to announce further details at the beginning of April. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 02:12 ET (07:12 GMT)
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