0755 GMT - European car stocks climbed on Thursday after a U.S. federal court declared almost all of Trump's trade tariffs as unlawful. The court ruled that the U.S. president doesn't have the authority to impose far-reaching tariffs. In Germany, shares of BMW and Mercedes-Benz Group trade 0.2% and 1.4% higher, respectively, whereas Volkswagen stock rises 1%. Porsche rises 1% and shares in Italy's Ferrari rise 0.3%. Shares in France's Renault are up 0.9%. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 03:55 ET (07:55 GMT)
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