India, Feb. 27 -- German stocks are notably lower Thursday morning, hurt by U.S. President Donald Trump's announcement that he would impose a 25% tariff on European cars and other goods, to curb unfair trade practices.
Also,with Germany employment, retail sales and inflation data due on Friday, traders are treading cautiously and largely refraining from taking fresh long positions.
The benchmark DAX, which tumbled to 22,488.50, losing more than 300 points, was down 250.91 points or 1.1% at 22,546.50 a little while ago.
Automobile stocks BMW, Porsche, Mercedes-Benz and Volkswagen are down 2.2 to 2.8%. Continental is down nearly 1%.
Symrise is declining 2.5%, while Brenntag, Siemens Healthineers, Bayer and E.ON are down 2 to 2.4%.
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