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The Supreme Court Overturns Trump's Tariff Policy, Auto Retailer Stocks Rise
Investing.com – On Friday morning, after the U.S. Supreme Court ruled that the Trump administration’s tariff policies are unconstitutional, U.S. auto retailer stocks rose.
Group 1 Automotive increased by 4.2%, Asbury Automotive Group rose by 2.1%, AutoNation gained 1%. Cars.com increased by 2.1%, Penske Automotive Group rose by 3%.
The Supreme Court, in a 6-3 vote, ruled that the Trump administration’s use of emergency powers to impose global tariffs was unconstitutional.
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