# German carmaker Mercedes-Benz reported plunging third-quarter profit, hit by weak sales in China as well as US tariffs. Net profit fell 30.8-percent. In July, the firm lowered its outlook for the year after US President Donald Trump’s tariff onslaught and said it expected revenue for 2025 to be “significantly below” that of last year. Car exports from the European Union are subject to a tariff of 15-percent under an EU-US deal unveiled late July, down from 27.5-percent, but far higher than the 2.5-percent before Trump launched his trade war in April.
Mercedez-Benz net profit plunges 30.8% in third quarter on weak sales in China and US tariffs