0828 GMT - European auto stocks rose on Monday after U.S. President Trump pushed back a deadline on EU tariffs to July 9. Last week he threatened to implement a 50% tariff on EU goods from June 1 after saying talks on a trade deal were "going nowhere." The European auto sector counts the U.S. as a major market and is therefore highly exposed to any duties on vehicles and parts entering the U.S. Shares in Stellantis rose 2.4% while Mercedes-Benz gained 1.9% and Volkswagen added 1.4%. Trading volumes were light due to public holidays in the U.K. and U.S. Monday. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 26, 2025 04:28 ET (08:28 GMT)
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