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BMW and Hyundai urge the United States not to impose tariffs on auto imports, joining General Motors to pressure the Commerce Department even as a senior advisor to President Donald Trump rejected these concerns. "It seems that the threat of imposing these sanctions aims to achieve certain goals," reported the German newspaper Welt am Sonntag citing a copy of BMW's letter to Secretary of Commerce, Wilbur Ross. The Munich-based luxury automaker said its nearly $ 9 billion investment in the BMW plant in Spartanburg, South Carolina, supports more than 120,000 US jobs.
Get ready for short-term business difficulties. Hyundai said the homework would be "devastating" for the Seoul-based automaker and jeopardize its plans for expansion in the United States. According to the Commerce Department, the weakening of Hyundai in South Korea would hurt Trump. nuclear ambitions.
White House Commercial Counselor Peter Navarro on Friday sent Friday's harsh warning to the Trump administration that it could cut US operations and cut jobs if tariffs are widely applied to imported vehicles and auto parts.
"The increase in import tariffs could lead to a smaller GM, a reduced home presence and risk less – not more – American jobs," said Friday the largest automaker from the country to the Department of Commerce. A direct statement from GM – a company headed by a CEO, Mary Barra, whose usual tactic is to avoid political fray and let the business groups respond to the president's policies – surprised observers at the same time. industry.
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And she stressed how much she and many industry leaders believe that the stakes are that the president is flowing the United States into acros of titanic trade. for-tat's the world. GM's public statement follows similar moves by Harley-Davidson Inc., Toyota Motor Corp and Daimler AG.
"The comment suggests how serious the impact would be for GM, its employees and its consumers," said Michelle Krebs, an analyst at AutoTrader. .com. "GM is involved in the automotive industry and in the general economy."
Navarro replied on Saturday to GM during an interview on CNN, claiming that the auto company was using "smoke and mirrors" to deceive the public. . He said that the impact of the rates on the price of a GM car was equivalent to "a luxury floor mat."
"Even GM cars built here, about half of the content is foreign," added Navarro. become "assembly factories" that assemble components manufactured elsewhere. In the case of BMW's massive operation in South Carolina, it would be about 1,900 vehicles a day, many of which are exported.
Navarro added that Trump, having passed a tax break that helps companies like GM and Harley, "felt betrayed" when they then threatened to move production jobs out of the country. United States in response to retaliatory actions of foreign countries at Trump's tariffs.
In an interview with Maria Baritromo Sunday morning on Trump said that his political supporters are a close mirror of Harley's clientele – and they are unhappy with any plan to expand production overseas . "Harley is an American bike" and "they should build them in this country," he said.
Trump has ordered an investigation into whether auto imports pose national security risks last month. samples on steel and aluminum. In the Fox interview, Trump said that tariffs are needed in part because of the European Union's barriers to vehicles built by the United States. "The European Union is perhaps as bad as China, just smaller," Trump said. "They send a Mercedes, we can not send our cars."
Trump told reporters aboard Air Force One on Friday afternoon that he expected the Commerce Department to complete the investigation "in three or four weeks . " [19659002] Under the Commerce Act, Ross has until February to conclude the investigation. But Trump wants the investigation to be completed before the mid-term elections in November so he can use the tariffs to his political advantage.
The survey worries manufacturers, parts suppliers and automotive retailers automakers – including GM and Ford Motor Co. – import a significant portion of the vehicles that they sell in the United States. from other countries.
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the major implications for high-end models like the Ford F-150 pickup truck and the Toyota Camry sedan by raising prices by several thousand dollars.
GM fell 2.8% to 39.40 US dollars Friday in New York City declines, the longest run since March.
GM's message was a surprise because the company maintained close contact with the Trump Administration, James Albertine, analyst at Consumer's Edge R
" This shocked us a bit, "he said," because we thought they were working more in the direction of ensuring that the administration knows the severity of the impact. " tariffs would have. "
Barra had previously tried to stay on good terms with Trump. She continued to participate in her Strategic and Political Forum, even after many other CEOs, like Bob Iger of Walt Disney and Elon Musk of Tesla, resigned in protest of Trump's withdrawal from the Paris climate agreement last year
. Trump's lukewarm response to attacks by white supremacists in Charlottesville, Virginia
European companies in China "suffer" from Trump's commercial war threats
Now the Detroit-based automaker of Chevrolet, Cadillac, and Buick GMC warns that additional rates – adding to those that have recently been applied to steel, aluminum and Chinese products – could harm GM and its customers.
Higher prices would disrupt sales, especially for less affluent consumers.
If GM tried to absorb the extra costs, it would have less money to invest in popular vehicles that support manufacturing jobs or to "The threat of high tariffs on vehicle imports and automotive components risk compromising GM's competitiveness with foreign automakers by erecting large trade barriers that increase our overall costs, removing a key way to compete with manufacturers in low-wage countries, and promoting a business environment in which we could be retaliation in other markets, "said the company.
GM Chevrolet Silverado pickup was the best-selling model According to LMC Automotive, the Chevrolet Equinox crossover was the first vehicle from Canada last year,
GM just announced the week last his intention to bring back the Chevrolet SUV Blazer later this year. The iconic American brand will be built in a factory in Mexico, a decision that has elicited furious comments from the union United Auto Workers
China must seize the opportunity of the trade war to open its economy [19659029]. GM sells 80% of its vehicles manufactured in Mexico in the United States
"GM imports a lot of pickup trucks from Mexico, so it's a huge problem," said Alan Baum, a West Bloomfield auto analyst, Michigan.
"And for parts, it's not just GM." Everyone imports a lot of electronics from Asia – they are valuable pieces. "
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