<ul><li>BMW's chief executive, Oliver Zipse, predicts that Donald Trump's 25% tariffs on foreign cars will be lowered by July.</li><li>The company reported a decrease in profits to €3.1bn due to the effects of Trump's trade war and competition in China.</li><li>Zipse expects a return to lower tariffs between the US, Canada, and Mexico to avoid a spiral of isolation and trade barriers amid challenging trading conditions.</li><li>BMW remains well-placed to endure extra tariff costs with separate factories in the US and China, with continued strong demand for its battery electric vehicles despite stiff competition in China.</li></ul>

BMW boss predicts Trump’s 25% tariffs on foreign cars will be lowered by July

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