Porsche, Mercedes-Benz and Aston Martin suffered significant losses from the US tariffs, totaling almost $889 million in the first half of the year.

Luxury automakers, including Porsche, Mercedes-Benz and Aston Martin, have reported cumulative losses of nearly $889 million due to new tariffs imposed by the Trump administration. Porsche reported additional costs of $462 million, while Mercedes-Benz estimated a €370 million impact. Aston Martin has warned on profits due to tariffs and weak demand from China. Although a new US-EU agreement is expected to reduce tariffs, uncertainty remains high in the European car industry.