European luxury carmakers raise US prices as 15 per cent tariffs bite

European luxury carmakers including Porsche (PSHG_p.DE) and Aston Martin (AML.L) have shot to the front of the grid with US price hikes, which could point the way for bigger brands to follow in their wake as companies pass on the cost of tariffs.

The United States and Europe reached a trade deal that will see EU-made cars hit with a 15 per cent tariff from August, lower than once threatened