How are tariffs affecting the US economy?
Asked 4 hours ago
Answer
Tariffs are significantly reducing profitability for companies like Porsche in the US, eating into margins and making the US market less viable for foreign manufacturers.
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Porsche cuts profitability outlook on EV delays
CNBC ยท Recent
CNBC
Recent
- Porsche cuts its 2025 profit outlook and delays EV rollout due to weak demand.
- This marks the third profit warning from Porsche this year. 16s
- The company halts its planned electric platform, incurring a 1.8 billion euro financial hit. 34s
- Tariff issues in the US and weak luxury demand in China have hurt profitability. 1m 26s
- Porsche will focus on combustion and hybrid models, moving away from full electrification. 2m 12s
