BMW chief dismisses Trump's European car tariff threat
Updated
Updated · The Wall Street Journal · May 6
BMW chief dismisses Trump's European car tariff threat
14 articles · Updated · The Wall Street Journal · May 6
Oliver Zipse said on Wednesday BMW still expects EU-US tariffs to ease in the second half, despite Trump's threat to raise the rate to 25% from 15%.
Zipse said BMW had discussed export-import offsets with the White House and expects a deal within weeks, while saying any credit for US exports is not in guidance.
Volkswagen is assuming current tariffs stay in place, showing wider caution among German carmakers. BMW's quarterly results trailed last year but beat expectations, lifting its Frankfurt-listed shares up to 8%.
With BMW betting on a quick resolution and Volkswagen bracing for the worst, which automaker’s strategy will prove right if tariffs persist through 2026?
Could looming 25% U.S. tariffs on EU cars force German automakers to shift more production to America, and how would this reshape global car markets?
If the EU retaliates against higher U.S. car tariffs, what new industries or products could become the next targets in this escalating trade standoff?