6 years ago
BMW moving some production to China, raising prices on SC-made SUVs in response to tariffs
Automaker BMW says it will build more of its popular SUVs overseas to offset the higher cost of sending cars to China due to recently enacted tariffs. BMW also said it will raise the price of South Carolina-built vehicles sold in China to help offset that country's new 40 percent import tax on cars from the U.S., retaliation for higher tariffs on Chinese goods imposed by President Donald Trump. The dpa news agency reported that Munich-based BMW said Monday it is "not in a position to completely absorb the tariff increases."
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