Tariffs on German Cars May Lead to Lost Jobs in the US

Because of the tariffs that President Donald Trump has been threatening to put in place, BMW countered with a threat of its own - if the US government puts those tariffs into place, American jobs will be lost. In fact, a number of auto groups have recently announced that putting those tariffs into place would mean hundreds of thousands of people losing their jobs both domestic and foreign.   BMW has reportedly warned federal officials that U.S. tariffs on European auto imports would raise its cost of doing business in the country and potentially force it to cut production at its Spartanburg, S.C., plant. Reuters reported over the weekend that the automaker is growing concerned about President Trump's threat to place a 20 percent tariff on all European cars entering the United States. The German company aired its concerns in a letter it sent to Commerce Secretary Wilbur Ross last week. “The domestic manufacture of automobiles has no apparent correlation with U.S. national security,” BMW wrote. The German car manufacturer added that imposing duties would not increase U.S. growth and competitiveness. The BMW plant in South Carolina is the company's largest in the world, and it ships more than 70 percent of its annual production to other export markets. Continue Reading at The Hill

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