Iconic sports car maker Porsche is delivering bad news amid tariff wars.
According to Reuters, Porsche’s “margins plunged in the first quarter” of the year, “forcing it to cut its outlook due to weakness in its key market China, a slowing shift to electric cars” and tariffs.
In addition, Automotive News reported on April 28, 2025, that Porsche dealers “say they have not received shipments of new vehicles from U.S. ports for several weeks.”
CBT News also announced that Porsche had halted new shipments to the U.S.
According to that publication, it’s hoped the shipments will resume in May.
A Porsche spokesperson “recently stated that vehicles are now being released from ports,” CBT News reported, while adding that this seems to contradict what retailers told Automotive News.
The publication reported that the Porsche shipments were stopped due to tariff concerns.
Porsche’s profits fell from 14.2% to 8.6%, according to Reuters.
Porche is not alone. According to Reuters, “European carmakers” have been “dealt a severe blow by the tariffs,” which are ‘expected to raise car prices by thousands.” According to CBT News, tariffs are hitting Porsche particularly hard because “every model sold in the U.S. is imported from Europe.”
On April 28, Reuters reported that the U.S. government was poised to make some tariff changes “by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones.”
Porsche is facing “soaring supply network costs” amid other bad news, according to WIO News.
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