1247 GMT - Analysts could view the automotive sector as attractive for investors if the auto tariffs were to be reduced to 0% to 10% at current prices, Morgan Stanley says in a research note. In that case, there would be a bias towards cyclical names--companies for whom demand for their products depends on the strength of the economy--they say. However, if tariffs were to stick around 25%, analysts would turn more cautious, they add. President Trump put a 25% tariff on automotive imports into the U.S., but on Tuesday softened the impact, saying that manufacturers' U.S. automotive tariff payments wouldn't stack on top of other import duties. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 08:47 ET (12:47 GMT)
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