** Shares in some German carmakers seen down in pre-market trade after U.S. President Donald Trump said he would impose a 25% tariff on all vehicles and foreign-made auto parts imported into the United States from April 2
** Shares in BMW BMWG.DE, Daimler Truck DTGGe.DE, car parts maker Continental CONG.DE down between 2.1% and 3.9%; other stocks are yet to start trading for the day
** "Upcoming auto tariffs were well-flagged but exceed expectations of EU officials, the FT had polled," a local trader says
** Jefferies estimates the value of incremental duty at 2% of group revenue for BMW BMWG.DE, 1% for Volkswagen VOWG.DE and 10% for Porsche P911_p.DE
** "There are some names that we consider represent a relative safe haven within our coverage such as Renault, Iveco, Michelin and Volvo Truck," JPMorgan says
(Reporting by Amir Orusov)
((Amir.orusov@thomsonreuters.com))
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