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Investing.com -- German automaker BMW (ETR:BMWG) has informed its U.S. dealers that it will bear the additional costs of new tariffs on its Mexican imports for the next few weeks, according to The Wall Street Journal. The new tariffs, a 25% levy, were imposed by President Trump on Canada and Mexico in early March and apply to cars that do not meet the North American free-trade pact’s requirements. This pact requires the majority of a model’s parts to be sourced within the region.
BMW, along with several other brands, has models that are affected by these new tariffs. The 3 Series sedan and 2 Series coupe, including its M2 performance version, are among the models built in Mexico that are now subject to these tariffs. These two models represent roughly 12% of BMW’s U.S. sales. The company communicated this decision to its dealers on Wednesday.
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