Quote:
Originally Posted by evanevery
Quote:
Originally Posted by FreudeamFahren18
How is this a political story? Its the truth. If they export X5 from the US to china they will face 25% tariff. Thats a fact , Its not just about politics. There are consequences to stupid decisions made by leaders who have zero grasp about how world economies function.
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The article states the Chinese Tariff is actually 40% (not 25%)...
BMW is the largest exporter of cars made in the USA. (Not Chevy, Ford, or Dodge...)
So the US wants to tax BMW cars 25% as we import them and then the Chinese want to tax BMW cars 40% as we export them.
BMW is taking it up the A$$ both coming and going. BMW can't win here. I wonder how all the Trump voters in Spartanburg are feeling right now? Probably a lot like the folks at Harley Davidson (and Chevy, and Ford)... |
If the US wants to compete at a world level we need to start building our own stuff. If a China built toaster costs $50 after tariff costs I promise you that a business person in the US will build toasters here for $15 and sell them for $30 making a 100% profit. People that speak about economics without having formal education in it might as well go work at McDonalds. BMW didn't get affected. They met the China demand by producing the cars in another country and avoiding the tariff.