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The German automaker, BMW, warned of the negative effects on investment and employment in the United States that would result in the imposition of tariffs.
BERLIN –
US tariffs on imported cars could lead BMW to reduce its investments and jobs in that country because of the large number of vehicles that it exports from its South Carolina plant, he warned. The government of President Donald Trump launched an investigation last month to determine if car imports pose a threat to national security and Trump has threatened to impose a tariff on all imports of vehicles assembled in the US. Union. European
"National auto manufacturing has no apparent correlation with US national security," wrote BMW in a letter to US Trade Secretary Wilbur Ross this week, adding that the imposition of increased growth and competitiveness of the United States.
Read: GM warns of loss of jobs eos Trump tariffs
BMW's South Carolina factory is the largest in the world and sends over 70% of its annual output to other export markets, said the company. Chinese tariffs on US passenger cars, taxes in retaliation against US duties on Chinese goods, have already increased the costs of exporting to China.
In addition, higher duties on components imported into the United States would make other production sites outside the United States.
"All of these factors would greatly increase the costs of exporting passenger cars to these markets from the United States and would harm BMW's market access in these jurisdictions," said the German automaker in the letter. ] You are interested: Europe will answer if Trump fills his threat of tariffs on cars
"This could lead to export volumes strongly C & # 39; is the reason why l & rsquo; The imposition of duties of up to 25% on imported vehicles would cost hundreds of thousands of jobs would dramatically increase vehicle prices and threaten industry expenses for autonomous cars [19659011] Recommendations
