BMW will move some SUV production out of US in response to Trump's tariffs

BMW said on Monday that it will move production of some of its SUVs from its Spartanburg, South Carolina, plant to China, according to a report from The Post and Courier.

The move comes in response to a 40-percent tariff on SUVs built in the U.S. levied by China. China's tariffs were retaliation for tariffs imposed by President Donald Trump on $34 billion worth of Chinese products.

China said Trump was starting “the biggest trade war in economic history,” and accused him of bullying with his trade tactics. In addition to SUVs, China placed tariffs on American soy beans and seafood.

Click to expand...

HereIStand said:

Actually, Trump's tariffs are helping to restore steel jobs in Illinois.
(snip)

Click to expand...

Still, analysts say that tens of thousands of American workers are likely to lose their jobs—and upwards of two million jobs are at risk—more or less as a direct consequence of the Trump administration’s trade policies, and the retaliatory tariffs that follow.

Click to expand...

Last week, the Alliance of Automobile Manufacturers, or AAM, issued an analysis estimating the price of a typical new vehicle sold in the U.S. would rise by about $5,800. Foreign-made luxury vehicles, such as a Mercedes-Benz S-Class or Lexus LS, could cost tens of thousands of dollars more. But industry officials warn even American-made models will be impacted because they typically use some imported parts and components. Toyota expects it would have to raise the price of its American-made Camry sedan, one of the U.S. market’s most popular vehicles, by about $1,800 if the 25 percent tariffs were put in place.

Click to expand...