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The Supreme Court partially upholds an appeal from lenders, who had faced potentially paying compensation to millions of motorists.
A claimant in a car financing judgement is disappointed more people will not be able to claim.
The move comes as a weaker-than-expected jobs report stoked fears about tariffs.
Trump's tariffs in his first term took aim at China - but this time they are going beyond.
Lenders no longer face the prospect of having to pay £30bn to £40bn to aggrieved car buyers, but the industry still faces hefty payouts.

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