"They don't take our cars. They don't take our farm products. They sell millions and millions of cars in the United States. No, no, no, they are going to have to pay a big price."
"In this respect, we shouldn't be too nervous about what might happen. It might actually offer us a benefit."
Goldman Sachs expects the Trump administration to implement tariffs on EU autos-related imports worth $80 billion, responsible for about 0.9% of EU exports.
Shares in BMW declined 6.6% between markets closing on Tuesday and their closure on Wednesday, following a double whammy of Trump's election and disappointing profits.
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