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Bladewire · 06-21-2018, 07:10 AM

25% steel tarrifs crush South Carolina BMW plant and Daimler hit with collateral damage in US trade war with China

BMW has its largest factory in Spartanburg, South Carolina, and faces a $965 million impact from Chinese tariffs, with Daimler exposed to a $765m hit, analysts say

German car makers BMW and Daimler are under increasing pressure to diversify production of their 4x4s outside the United States as a result of Washington's growing trade tensions with China.

Beijing's proposed 25 per cent tax on US car factory exports will hit nearly 270,000 vehicles, with German car makers accounting for US$7 billion (Dh25.71bn) of the $11bn total.

06-21-2018, 07:10 AM
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,229	25% steel tarrifs crush South Carolina BMW plant and Daimler hit with collateral damage in US trade war with China BMW has its largest factory in Spartanburg, South Carolina, and faces a $965 million impact from Chinese tariffs, with Daimler exposed to a $765m hit, analysts say German car makers BMW and Daimler are under increasing pressure to diversify production of their 4x4s outside the United States as a result of Washington's growing trade tensions with China. Beijing's proposed 25 per cent tax on US car factory exports will hit nearly 270,000 vehicles, with German car makers accounting for US$7 billion (Dh25.71bn) of the $11bn total.