(Updates prices throughout with U.S. markets close, adds oil

and gold settlement)

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Trump plans tariffs on autos, pharma, chips

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Benchmark S&P 500 notches record closing high

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European shares log biggest drop this year

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Gold hits all-time high

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Crude prices settles near one-week high

By Chibuike Oguh and Amanda Cooper

NEW YORK/LONDON, Feb 19 (Reuters) - An index of global

shares was lower on Wednesday, pressured by choppy trading on

Wall Street and a dip in European stocks, as U.S. President

Donald Trump's latest tariff threats on auto, semiconductor and

pharmaceutical imports injected a sense of caution into the

markets.

Gold prices hit a fresh record high and safe-haven

currencies led by the U.S. dollar and yen gained amid investor

worries over tariffs.

Since his inauguration four weeks ago, Trump has imposed a

10% tariff on all imports from China, on top of existing levies.

He has also announced, and delayed for a month, 25% tariffs on

goods from Mexico and non-energy imports from Canada.

Trump told reporters on Tuesday that sector-wide tariffs on

pharmaceuticals and semiconductor chips would start at "25% or

higher," rising substantially over the course of a year. He

intends to impose similar tariffs on autos as soon as April 2.

Wall Street's main indexes finished higher, with the

Benchmark S&P 500 edging to a second straight closing high after

wobbling between green and red throughout the session.

Financials and utilities were the biggest gainers while energy

and technology stocks were the main losers.

The Dow Jones Industrial Average rose 0.16% to

44,627.59, the S&P 500 rose 0.24% to 6,144.15 and the

Nasdaq Composite rose 0.07% to 20,056.25.

The pan-European STOXX 600 index dropped 0.9%,

logging its biggest daily drop since the start of this year.

Bourses in Germany, France, Italy and

Spain declined between 0.5% and 1.8%.

Both the benchmark S&P 500 and STOXX 600 indexes finished at

record highs on Tuesday.

MSCI's gauge of stocks across the globe

fell 0.11% to 886.72.

"In general the bias for markets remains upwards but if you

look shorter term over the last few days, it's more mixed

because the market tends to trade around the latest indications

of the Trump administration," said Julian McManus, portfolio

manager at Janus Henderson Investors.

"That tends to be unsettling and markets tend to trade off

whenever they hear the word tariff because they think it means

either risk for a particular country or they think inflation."

Trump's initial policy proposals raised concern at the

Federal Reserve about higher inflation, with firms telling the

U.S. central bank they generally expected to raise prices to

pass along the cost of import tariffs, according to the Fed's

January meeting minutes released on Wednesday.

The U.S. dollar and the yen gained as market jitters

escalated amid the latest round of tariff threats. The Japanese

yen strengthened 0.38% against the greenback to 151.49

per dollar. Against the Swiss franc, the dollar

strengthened 0.11% to 0.904.

The dollar index, which measures the greenback

against a basket of currencies including the yen and the euro,

rose 0.16% to 107.17. The euro was down 0.19% at $1.0425.

Gold prices rose to a fresh record high of $2,946.85 on

safe-haven demand, reaching a new peak for the ninth time this

year. Bullion pared gains and was little changed at

$2,935.22 an ounce. U.S. gold futures settled 0.4% lower

at $2,936.10.

Oil prices held near a one-week high on worries about supply

disruptions in Russia and the U.S, even as the market awaits the

outcome of talks to end the war in Ukraine.

European leaders vowed to step up support for Ukraine,

propelling shares in European arms manufacturers to record highs

this week and pushing up governments' long-term borrowing costs.

Brent futures rose 0.3% to settle at $76.04 a

barrel, while U.S. West Texas Intermediate (WTI) crude

rose 0.6% to settle at $72.25. That was the highest close for

both crude benchmarks since February 11.