German Luxury Automakers Face €3.4 Billion Blow from Trump’s 25% Auto Tariffs

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Porsche AG and Mercedes-Benz Group AG are facing significant financial challenges due to President Donald Trump’s newly announced auto tariffs. The 25% tariff on imported vehicles, set to take effect on April 3, 2025, could potentially cost these German automakers €3.4 billion ($3.7 billion)

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#AutoTariffs #PorscheAG #MercedesBenz #FinancialChallenges #GlobalEconomy
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