BMW says industry reaction to Trump tariffs is ‘way exaggerated’
German carmaker maintains its annual guidance despite a 32% decline in second quarter net profits
German carmaker maintains its annual guidance despite a 32% decline in second quarter net profits

Higher levies mean rising costs for importing into the US, parts procurement and supply chain adjustments

US president has threatened to raise levies to 25% if EU does not implement last year’s trade deal

German carmaker maintains full-year guidance despite further hit from weak Chinese demand

German chancellor backs more muscular approach ahead of July talks deadline

German auto group lowers return-on-sales estimate after taking €1.3bn tariff hit

Europe’s largest carmaker among hardest hit by Trump’s trade war