Tariffs on U.S.-made models will mean pricier BMWs in China

July 6, 2018 by  
Filed under News

German luxury automaker BMW said on Friday that it will be unable to “completely absorb” a new Chinese 25 percent tariff on imported U.S.-made models and will have to raise prices on the vehicles it makes in Spartanburg, South Carolina.

Source: Reuters Business News

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