FRANKFURT (dpa-AFX Broker) - Trump's repeated insistence on import tariffs weighed particularly on automotive stocks on Wednesday. They turned negative or further expanded earlier losses. While the shares of mass producer Volkswagen lost around one percent, those of sports car maker Porsche AG and premium manufacturers Mercedes and BMW each fell by slightly more than two percent.

The trigger for the decline was a report by CNN. The TV station reported, citing several sources familiar with the matter, that US President-elect Donald Trump was considering declaring a national economic emergency in order to be able to enforce the import tariffs he has announced on a large scale./ck/mis

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