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BMW chief predicts lower tariffs from July

  • BMW CEO Oliver Zipse said the company expects some US car tariffs to decline from July 2025, potentially easing trade tensions.
  • The tariffs stem from US President Trump's 25 percent levy on car imports, which aimed to boost American manufacturing but created industry uncertainty.
  • BMW operates its largest plant in South Carolina, exporting over $10 billion in vehicles, and has been lobbying officials to reduce tariff impacts.
  • BMW reported first-quarter automotive earnings before interest and taxes of 2.02 billion euros, beating analyst forecasts and achieving a 6.9% operating margin.
  • BMW maintains its 2025 guidance despite tariff risks and flagged possible supply bottlenecks, while anticipating tariff reductions to support future performance.
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RTÉ broke the news in Ireland on Wednesday, May 7, 2025.
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