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Reuters BusinessJun 21, 2018
Trade pressures deepen as Daimler warns on sales
BRUSSELS/FRANKFURT (Reuters) - Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a "tit-for-tat" trade war grew as Europe readied retaliatory tariffs against the United States.

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MarketWatch MarketPulseJun 21, 2018
Shares in German auto makers fall after Daimler warning, tariffs proposal
Shares in German auto makers fell Thursday as traders assessed a profit warning from Daimler AG as well as the companies' support of a tariffs proposal. Daimler issued a surprise profit warning late Wednesday, saying Chinese retaliatory import duties on vehicles built in the U.S. would hit sales and profits of the SUVs it builds at its Alabama factory. Meanwhile, Daimler, BMW AG and Volkswagen AG have thrown their support behind the abolition of all import tariffs for cars between the European Union and the U.S. in an effort to find a peaceful solution to the brewing trade war. Shares in Daimler were down 2.9%, BMW fell 2.2%, and VW dropped 1.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchJun 21, 2018
Europe Markets: Auto makers, Italian stocks lead European shares lower
European stocks fell Thursday, facing their fourth loss in five sessions, with auto shares under pressure and Italian shares flipping down following developments surrounding the country's coalition government.

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