BMW optimistic on U.S. tariff discussions resolution

BMW is optimistic that U.S. tariff discussions will be resolved quickly, estimating costs of around €1.1 billion in 2025. However, President Trump's criticism of European trade policies may complicate negotiations, particularly regarding tariffs on vehicles and materials. The U.S. currently imposes a 2.5% tariff on European cars, while European vehicles face a 10% tariff in the U.S. Talks with Canada and Mexico appear to be progressing, but Trump's strong stance on EU trade practices could delay resolutions. Despite a 30% drop in net profit in 2024, BMW is focusing on electric vehicle development with its Neue Klasse technology. This shift aims to enhance competitiveness and reduce costs, even as potential tariff issues loom.