FRANKFURT/LONDON, May 07 (Reuters): BMW expects US car tariffs to decline from July, based on its contacts with US officials, a more upbeat assessment of the trade situation than many rivals and leading the German luxury automaker to confirm its 2025 outlook.
The company warned, however, that tariffs imposed by US President Donald Trump would have a "notable" impact on its second-quarter results. Executives declined to estimate that hit during a call with analysts on Wednesday.
BMW's biggest plant is in the United States and it is the country's top auto exporter by value. The company said it was engaged in multi-level talks with US policymakers and that its arguments for easing tariffs were being acknowledged.
BMW expects car tariffs to fall from July in upbeat take on trade war
FE Team | Published: May 08, 2025 00:18:51
BMW expects car tariffs to fall from July in upbeat take on trade war
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