1253 GMT - Mercedes-Benz objects the imposition of tariffs. The German luxury automaker joins European peers in voicing its opposition to tariffs imposed by the Trump administration. The announcement has triggered a global stock market selloff that has auto stocks among the biggest fallers. "If a general trend toward protectionism gains a foothold, this has negative economic consequences for all stakeholders involved; this cannot be in the interests of politics, business and society," the company says in a statement. "Mercedes-Benz therefore supports a liberal trade order based on World Trade Organization rules, which include the principle that all participants find the same conditions," the company says. Shares fall 4.4% to 56.32 euros. (maitane.sardon@wsj.com)
(END) Dow Jones Newswires
February 03, 2025 07:53 ET (12:53 GMT)
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