Tariffs turn Porsche’s headwinds into a ‘violent storm’

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Open this photo in gallery: The BYD exhibit at Auto Shanghai 2025, in Shanghai, China, April 23, 2025. Europe’s top carmakers are reeling from tariff shocks as competition from Chinese automakers like BYD intensifies.ANDREA VERDELLI/The New York Times News Service This year was already shaping up to be a tough one for Porsche. Chinese customers were losing interest in the luxury sports car, its bet on electric vehicles was failing with drivers long enamored by the rumble of its combustion engines and its stock price hovered near record lows. Then President Donald Trump imposed a 25 per cent tariff on...