Two of Europe’s leading companies are providing a macroeconomic lesson on tariffs and the conditions for when they’re passed along.

Porsche warned on Wednesday that lower sales, high costs and trade concerns would hurt 2025 earnings, even before a possible hike in U.S. tariffs on EU imports, making it the biggest percentage decliner on Europe's benchmark stock index.

BERLIN (Reuters) - Porsche said on Wednesday it will keep its dividend for 2024 at the previous year's level despite a 30.4% drop in net profit, according to Reuters calculations, as the luxury carmaker battles high costs and weak demand in China.

Porsche AG lowered another profitability goal set at the time of its blockbuster listing after the luxury-car maker’s earnings slumped due to tumbling sales in China.