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FTSE and European counterparts fall in value as US tariffs hit car stocks

European equity markets and the FTSE fell due to US tariffs on cars, impacting car stocks like Volkswagen and Aston Martin. The FTSE 100 recovered some ground with gains from Next. In the US, stock indexes also declined due to the tariffs. The pound rose against the dollar and euro. Next's annual profit exceeded £1 billion, and Naked Wines announced a plan for sustainable profit growth.
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