BMW sees earnings hit from US tariffs as EU warns against escalation

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Sat, March 15, 2025

[ Today @ 03:04 AM ] - People

Tiger Woods Took Vanessa Trump and Her Daughter t .. Tournament Weeks Before Dating News Broke: Photos

[ Today @ 03:04 AM ] - People

Tickets to See Bob Dylan, Willie Nelson, Brad Pai .. re Priced 2-for-1 with Ticketmaster's Latest Deal

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Fri, March 14, 2025

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[ Yesterday Evening ] - HuffPost

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BMW sees earnings hit from US tariffs as EU warns against escalation

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This Wall Street strategist saw the stock-market .. e says investors should wait to buy shares again.

[ Yesterday Evening ] - MarketWatch

Congress set to avoid shutdown and give Trump more tariff power against Canada and Mexico

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[ Yesterday Afternoon ] - Reuters

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[ Yesterday Afternoon ] - Time

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SpaceX Crew-10 launch will pave the way for NASA's Butch Wilmore and Suni Williams to return home

[ Yesterday Afternoon ] - Fortune

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[ Yesterday Afternoon ] - TechCrunch

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[ Yesterday Afternoon ] - Fortune

Nvidia surpasses Tesla as the No. 1 held stock on Robinhood, fueled by Gen Z interest

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[ Yesterday Afternoon ] - Heavy

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[ Yesterday Afternoon ] - Axios

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[ Yesterday Afternoon ] - CNN

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[ Yesterday Afternoon ] - TechRadar

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BMW sees earnings hit from US tariffs as EU warns against escalation

^{Published on 2025-03-14 22:21:06 - Reuters}

German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros ($1.09 billion) this year, while European officials warned the U.S. economy would be the biggest loser if President Donald Trump pursues an "idiotic" trade war.

BMW has forecasted a potential earnings hit due to the reimposition of U.S. tariffs on European steel and aluminum, which were initially set by former President Donald Trump. These tariffs, which had been temporarily suspended, are now reinstated, affecting the cost of materials for BMW's manufacturing operations. The European Union has expressed concerns over this move, warning against further escalation in trade disputes. The EU's trade chief, Valdis Dombrovskis, highlighted the negative impact on transatlantic relations and the global economy, urging for a resolution through dialogue rather than increasing trade barriers. This situation adds pressure on BMW and other European manufacturers amidst ongoing global economic uncertainties.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/bmw-sees-earnings-hit-from-us-tariffs-as-eu-warns-against-escalation/ar-AA1AWUyL ]

N@N

BMW sees earnings hit from US tariffs as EU warns against escalation