CLOSE

President Trump on BMW and tariffs.
BART BOATWRIGHT / Staff

President Donald Trump returns on foreign tariffs Friday, June 22, 2018, in a tweet, saying" … if these tariffs and barriers are not soon broken and removed, we will place a 20% fare on all their cars entering the United States. Build them here! " (Photo: Twitter)

One of whom The auto industry is getting ready for a few words on Thursday as the US Department of Commerce holds an audience The principle of the tariff, proposed earlier this summer by President Donald Trump, is National Security

The Department of Commerce issued a calendar to speak at the meeting, which will take place from 8:30 to 17:30 in the agency's auditorium in Washington, DC

Come back here Thursday morning when The Greenville News will host a live broadcast of the audience.The USA Today network will also provide live coverage.

For more information: Vehicle Manufacturers trumpent: higher rates will affect the consumers, the jobs

of the automakers, who published a transcript of the testimonials prepared by their spokesperson, Jennifer Thomas,

economic impact

a rate of 25 for hundred would increase the price of a car imported nearly $ 6,000 and the price of a US- "This would equate to a $ 83 billion tax on US consumers that would trigger a domino effect on the US $ 100 billion. industry and the economy, "said the group's transcript. "When vehicle prices rise, demand declines, lower demand means less production, and when production declines, job losses ensue."

Up to 200,000 American workers would lose their jobs if a tariff of 25 per cent , who cited a Peterson Institute analysis. This number could climb to 600,000 if other countries imposed retaliatory tariffs

Also among speakers on Thursday are the United Auto Workers, Volkswagen, Hyundai, representatives of the European Union, Mexico and Canada (among other nations), and several BMWs are not at the #

BMW agenda – a frequent target of Trump's criticism – did not make the program, although the German automaker thought it would be a possibility, said Kenn spokesman Sparks

"The interests of BMW and those who resemble us will certainly be represented at the hearings," Sparks said in a letter dated June 28 to Wilbur Ross, a representative of BMW, from the Department of Commerce. The US economy and preserves the world order and peace.

"BMW directly and indirectly adds $ 6.3 billion annually to the South Carolina economy
and leads to the employment of 36,285 people there". W employs more than 10,000 people in its Spartanburg County plant and last year launched a $ 600 million multi-year expansion that will bring employment to 11,000 people. The factory is about to produce more than 400,000 vehicles this year, about 70% of which are exported

BMW said in its letter that it is against the 10% tariff % of the European Union on imported vehicles. Mercedes, they send BMW, "Trump said of the European Union at a campaign rally last month. "They send everything, we do not impose anything on them, we can not send our cars and if we do, they charge the tax several times we do not charge stupidly."

Trump continued: "It's all going to work, because we are the piggy bank they like to take."

Read or Share this Story: https://www.greenvilleonline.com / story / money / 2018/07/18 / global-automakers-up-up-some-fights-words-against-tariffs / 797886002 /