(FILES) People take pictures of the BMW Concept Skytop car during the 21st Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai on April 23, 2025. German carmaker BMW said on March 12, 2026 it expected tariff wars to ease in 2026 saw a tentative turnaround in China after posting results dampened by both trade tensions and competition from Chinese rivals. (Photo by WANG Zhao / AFP via Getty Images)