Tooney
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Porsche, Mercedes Face $3.7 Billion Hit From Trump Tariffs
Porsche, which is struggling with lower sales in China, may be most exposed. The luxury-car maker has steadily grown the last 15 years in the US, which just overtook China as its top market. But Porsche’s US dealers are entirely reliant on imports as the manufacturer operates no factory there.
At around €44 billion, Porsche’s market value is now less than half what it was in May 2023, when the stock peaked after one of Europe’s biggest IPOs in years. The steep decline heaps more pressure on Chief Executive Officer Oliver Blume, who runs both Porsche and Volkswagen.
Porsche, which is struggling with lower sales in China, may be most exposed. The luxury-car maker has steadily grown the last 15 years in the US, which just overtook China as its top market. But Porsche’s US dealers are entirely reliant on imports as the manufacturer operates no factory there.
At around €44 billion, Porsche’s market value is now less than half what it was in May 2023, when the stock peaked after one of Europe’s biggest IPOs in years. The steep decline heaps more pressure on Chief Executive Officer Oliver Blume, who runs both Porsche and Volkswagen.
