CEO Oliver Zipse told reporters on a call that BMW was lobbying hard for free trade and expected some success thanks to its worldwide footprint.
Zipse added that he expected tariffs imposed by US President Donald Trump on Canada and Mexico to eventually be rolled back.
Trump has threatened and imposed a range of tariffs in a bid to boost American manufacturing, including a 25 percent levy on many car imports in effect since April.
BMW has its largest site in South Carolina in the United States and the plant last year exported vehicles worth over $10 billion (8.8 billion euros).
In a statement, BMW said it expects “some of the tariff increases to be temporary, with reductions from July 2025.”
For the first quarter, BMW reported net profit of 2.17 billion euros and earnings before taxes of 3.11 billion euros. EBT beat expectations of 2.85 billion euros forecast in a company poll of analysts.
BMW also took a hit in the “low three-digit million euro range” in the first quarter as a result of tariffs imposed on Chinese electric vehicles by the EU in October, it said.
The company makes electric cars under its Mini brand in the country. The company’s shares were up 3.5 percent in Frankfurt after the results were released.
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