Automakers Are Scrambling Ahead of Trump’s Tariffs

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  With record levels of dry powder available for investment.

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  Find out what's in store for private markets in 2025 and beyond.

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  Listen to Crafting Capital in partnership with ubs@partners.WSJ.com UBS, Spotify and Apple Podcasts.

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  President Trump and Volodymyr Zelenskyy trade barbs in a growing rift between the US And Ukraine.

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  Plus, global automakers are scrambling ahead of Trump's proposed tariffs.

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  The whole thing's so uncertain that be very reluctant to invest purely

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  on the basis of tariffs alone.

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  That said, the US Is a very important market for them and they've been investing in it for decades.

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  And can I predict the next big IPO?

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  A data company thinks so.

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  It's Wednesday, February 19th.

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  I'm Alex Osila for the Wall Street Journal.

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  This is the PM edition of what's News,

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  the top headlines and business stories that move the world today.

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  First, in international news, President Trump has stepped up attacks on Volodymyr Zelensky,

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  calling the Ukrainian president a, quote, dictator without elections.

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  The comments come after Zelenskyy said Trump was repeating Russian propaganda points.

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  The exchange marks a significant escalation in a feud that could complicate efforts to end the war.

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  Yesterday, Trump accused Zelenskyy of starting the war in Ukraine,

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  which began

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