Mercedes-Benz and Porsche flag €800m in combined costs from Trump tariffs – business live

Live, rolling coverage of business, economics and financial markets as German carmakers and Aston Martin detail damage from US trade warIt is not just tariffs that are causing problems for Aston Martin Lagonda: the British manufacturer issued a profit warning on Wednesday blaming trade disruption, but also the slump in demand for luxury cars in China.Adrian Hallmark, Aston Martin’s chief executive, said:China is a big problem child – no question.The market for luxury vehicles in China remains extremely subdued. Continue reading...

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European economy sees growth of only 0.1% as scramble to get ahead of US tariffs goes into reverse

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