The bosses of Europe’s biggest carmakers will likely be sweating at the prospect of what a stunning Donald Trump election victory could mean for their already troubled sector. But for BMW, at least, the prospect of more trade wars may actually be a good thing.
Oliver Zipse, the CEO of BMW, sought to play down concerns about what a Trump presidency could mean for the automaker amid expectations that his administration would unleash wide-ranging tariffs on imports from Europe.
Trump targeted European producers in comments made the week before the November 5 election, giving a strong indication that fresh import tariffs would be introduced.
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