Mercedes-Benz and Porsche flag €800m in combined costs from Trump tariffs – business live
German luxury car giants Mercedes-Benz and Porsche are feeling the pinch from Trump-era tariffs, reporting a combined €800 million in extra costs. The financial hit comes as automakers globally navigate the fallout from ongoing US trade tensions, with Aston Martin also detailing its struggles. Meanwhile, unrelated tsunami warnings in the Pacific (triggered by a Russian earthquake) briefly disrupt the business update flow.
WPN Brief
German luxury car giants Mercedes-Benz and Porsche are feeling the pinch from Trump-era tariffs, reporting a combined €800 million in extra costs. The financial hit comes as automakers globally navigate the fallout from ongoing US trade tensions, with Aston Martin also detailing its struggles. Meanwhile, unrelated tsunami warnings in the Pacific (triggered by a Russian earthquake) briefly disrupt the business update flow.
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