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LGT Navigator: Impending punitive tariffs burden car stocks

19 February 2019

European stock markets were depressed by concerns that the US government might impose punitive tariffs on European car imports in a further escalation step in the trade conflict. This is after the US Department of Commerce handed over a report to the White House on the threat to national security posed by car imports and President Trump now has 90 days to decide whether European car brands will be burdened with import taxes.

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