The BMW boss says that Trump's 25% tariffs for foreign cars will be reduced by July | BMW

BMW's boss predicted that Donald Trump's import duties for foreign cars will be reduced this summer, since the German car manufacturer made profits in the first three months that had fallen by a quarter.

Oliver Zipse, Chief Executive from BMW, said that he expected Trump's 25% tariffs for importing foreign cars until July.

He made the prediction after the company achieved a decline in profits to EUR 3.1 billion (EUR 2.6 billion), since it affected the effects of the trade war and the strong competition in China.

Zipse also said that he expected a return to lower tariffs between the USA, Canada and Mexico-Zuke a free trade zone under a deal that he had signed-because the “costs for everyone” are much too big “.

“Nobody wins in trade conflicts. All sides should avoid a spiral of isolation and commercial barriers,” said Zipse, calling for “zero-zero tariffs” tariffs under the “challenging” trade conditions for car manufacturers.

In March, the car manufacturer said that the tariffs imposed by the USA, EU and China could cost 1 billion euros this year. BMW imports some of its models from China, but the EU tariffs to Chinese electric cars reaction reaction to alleged state aid of Beijing-Kostte BMW more than € 100 million in the first quarter of 2025, it said on Wednesday.

Trump's 90 -day “break” for tariffs above a flat rate of 10% in most countries will end at the beginning of July with the risk of returning too much higher taxes together with the 145% potential in China. However, the United States rush a number of what it describes as a trade agreement with large trading partners that could lower the tariffs.

BMW insisted that it was still well placed to endure additional tariff costs with separate factories in the USA and China. According to Zipse, BMW had experienced “hardly any effects” from the steep US tariffs on China and China's retribution.

According to Zipse, his factory in Spartanburg, South Carolina, made BMW the largest automobile exporter from the USA. He added that the company's arguments were heard against tariffs.

BMW also has the Mini factory in Oxford, England, where the company shortened 180 contract workers in response to a lower demand for vehicles last month.

Despite the slump in the yield in the first quarter, BMW has determined its instructions for profits for the year in line with 2024. The global tariff situation will improve, since the countries to assess the trade agreements with the USA, beat up, and insisted that BMW, on a further strong demand for battery electric vehicles, is 32% compared to the year compared to the previous year's competition, despite stiff competition in China in China.

In the first months of the year, BMW's sales in China, the largest individual market of the manufacturer of Munich, fell by 17%, even if sales in Europe and the United States rose by 6% and 4%.

The stiff competition at Asia's car market is expected to be reinforced after the Taiwanese electronics manufacturer Foxconn announced on Wednesday that he has concluded a contract for the construction of electric cars in Taiwan for Japan's Mitsubishi Motors in Taiwan.

The deal will add another well-financed EV competitor in Asia. Foxconn had previously contacted the fighting Nissan to try to buy a share.