BMW Flags Profit Goal Under Pressure on Trump Trade Wars
- Carmaker warns worsening trade tension could affect guidance
- Slower Chinese customer demand ahead of tariff cut dissipates
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BMW AG warned that trade tensions could drag on profits in the coming months, squeezed by power politics between China and the U.S.
The manufacturer said any higher tariffs could mean it will no longer meet a goal of making a profit at the same level of a year ago. A host of car companies -- including top rival Daimler AG -- have cut financial targets as global trade tensions escalate and raw material prices increase.