(Reuters) -Mercedes-Benz expects a profit margin of 4% to 6% for its car business this year, lower than the forecast it had pulled in April, it said on Wednesday in its first assessment of the damage from U.S. President Donald Trump's trade war.

The German luxury carmaker had said in February it expected the profit margin for its car division to be just 6-8% this year, after its earnings fell 30% in 2024, with a 40% slump in the car business. It pulled that guidance in April citing uncertainty around tariffs.

The company's second-quarter adjusted operating income more than halved to 1.99 billion euros ($2.30 billion) due to the impact of tariffs and the sale of a plant and some operations in Argentina, it said in a statement.

Mercedes-Benz also said it expected annual group revenue "significantly below" 2024 levels, both in its cars and vans businesses.

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