BMW Says It May Cut Investments & Jobs in South Carolina Due to Tariffs

[AntonToo]

Good.

No dolt, it ain't good when tariffs cause market volatility, profit loss and job contractions in what was otherwise a full employment, stable economy.

Calls me a dolt, supports the unfair trade practice that has been going on for over 40 years hurting the US economy.

Hurting the US economy..you mean the economy that is at 3.8% unemployment and in the midst of the second longest period of economic expansion in the history of the country, that economy?


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These fools don't get it, the second economy so much a hickups their dear leader is done for.

Trump is an idiot for going down this tariff road.

 

[Marion Morrison]

Good.

No dolt, it ain't good when tariffs cause market volatility, profit loss and job contractions in what was otherwise a full employment, stable economy.

Calls me a dolt, supports the unfair trade practice that has been going on for over 40 years hurting the US economy.

Hurting the US economy..you mean the economy that is at 3.8% unemployment and in the midst of the second longest period of economic expansion in the history of the country, that economy?


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These fools don't get it, the second economy so much a hickups their dear leader is done for.

Trump is an idiot for going down this tariff road.

Buckle up buttercup, it's gonna be a bumpy cucumber ride.

 

[C_Clayton_Jones]

Both Trump and conservatives are unfit to govern since they fail to understand fundamental economic principles.

 

[Marion Morrison]

Both Trump and conservatives are unfit to govern since they fail to understand fundamental economic principles.

-Billionaire, Financial Wizard, and Real Estate Mogul C_Clayton_Jones.

 

[Harpy Eagle]

The biggest mistake the Trump zealots make about the trade war is the assumption that there will be a winner when the chances are all sidles will lose


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[Dragonlady]

Good. We can buy American now.

There is no such thing as an “American made” car, under NAFTA. Even Cars assembled in the US are made with imported steel, and parts manufactured in Canada and Mexico. Between the steel tariffs and manufacturing tariffs, prices on both North American made cars and European imports, are going up.

In short, you’re fucked.

 

[miketx]

Good. We can buy American now.

There is no such thing as an “American made” car, under NAFTA. Even Cars assembled in the US are made with imported steel, and parts manufactured in Canada and Mexico. Between the steel tariffs and manufacturing tariffs, prices on both North American made cars and European imports, are going up.

In short, you’re fucked.

Good thing Trump is getting rid of nafta.

 

[Dragonlady]

Good. We can buy American now.

There is no such thing as an “American made” car, under NAFTA. Even Cars assembled in the US are made with imported steel, and parts manufactured in Canada and Mexico. Between the steel tariffs and manufacturing tariffs, prices on both North American made cars and European imports, are going up.

In short, you’re fucked.

Good thing Trump is getting rid of nafta.

Getting rid of NAFTA only makes it worse. Cars are built from parts manufactured in all three countries, and all of which pass back and forth between Canada, the US and Mexico borders up to 70 times before a car is fully assembled. It’s called “integrated manufacturing”. If the parts are taxed each time they cross the border under Trump’s tariffs, cars made in North America will face the biggest increases of all, from the steel used in manufacturing, to tariffs on engines and other components as they pass back and forth between jurisdictions.

Added to which, with the relaxed emissions standards the Trump administration signed on with, American cars can no longer be exported to jurisdictions with stringent emissions controls, like the EU or China.

With the economic missteps being made by Trump and his gang of fools, the question of recession is not “if”, it’s “when”. And because Trump goes with his gut, instincts which lead to a record 7 business bankruptcies, I’d be worried if I were you.

Because of Trump’s policies, business tax receipts are at all-time lows, and the national debt is growing at the fastest rate in history. But your President and his family made $85 million last year. No wonder they’re all working for free.

This is the same scam Trump pulled in Atlantic City. He said he was going to make everyone rich and sold shares in his casino. Trump walked away with $40 million. His investors lost everything.

President Trump was going to make everyone in America rich. It’s not happening. But Trump and his friends are getting richer.

 

[Sahba]

The biggest mistake the Trump zealots make about the trade war is the assumption that there will be a winner when the chances are all sidles will lose


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By what metric do you constitute a 'win'? (hypothetical) What if by bolstering our national security through increased steel and oil independence, it prevents overtures of force or lopsided trade partnerships that otherwise might have come to fruition. As from a new position of greater strength this event is never realized, do we say that we are "losers" because it took sacrifice to get that independence and nothing happened in the end to warrant the sacrifice...

 

[Marion Morrison]

Good. We can buy American now.

There is no such thing as an “American made” car, under NAFTA. Even Cars assembled in the US are made with imported steel, and parts manufactured in Canada and Mexico. Between the steel tariffs and manufacturing tariffs, prices on both North American made cars and European imports, are going up.

In short, you’re fucked.

Good thing Trump is getting rid of nafta.

Getting rid of NAFTA only makes it worse. Cars are built from parts manufactured in all three countries, and all of which pass back and forth between Canada, the US and Mexico borders up to 70 times before a car is fully assembled. It’s called “integrated manufacturing”. If the parts are taxed each time they cross the border under Trump’s tariffs, cars made in North America will face the biggest increases of all, from the steel used in manufacturing, to tariffs on engines and other components as they pass back and forth between jurisdictions.

Added to which, with the relaxed emissions standards the Trump administration signed on with, American cars can no longer be exported to jurisdictions with stringent emissions controls, like the EU or China.

With the economic missteps being made by Trump and his gang of fools, the question of recession is not “if”, it’s “when”. And because Trump goes with his gut, instincts which lead to a record 7 business bankruptcies, I’d be worried if I were you.

Because of Trump’s policies, business tax receipts are at all-time lows, and the national debt is growing at the fastest rate in history. But your President and his family made $85 million last year. No wonder they’re all working for free.

This is the same scam Trump pulled in Atlantic City. He said he was going to make everyone rich and sold shares in his casino. Trump walked away with $40 million. His investors lost everything.

President Trump was going to make everyone in America rich. It’s not happening. But Trump and his friends are getting richer.

That's a lot of shipping for nothing. Make the parts here and ship them to the factory and assemble there.

It's a win for America. Prices will rise slightly, of that I have no doubt. Prices will rise temporarily, then fall to a normal level.


However, it's nothing compared to Obama's Cash 4 Clunkers scheme that drove up the price of all cars, and put Used Car Salesmen and Mechanics out of work everywhere. In the end, it will be better for America. More jobs, more money flowing around.

 

[Correll]

I have not lied about anything, when trade policy involves the Govt controlling more and more of the economy then it is socialism.

I personally do not want the Govt trying to tell me what to buy, but I happen to hold my freedom a little more closely than you apparently.


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You are an anarchist who only wants a police and fire department.

No, he is a lefty who is using the rhetoric of libertarians, as emotional buzzwords, to attack a pro-American trade policy.


Despite what he explicitly states, what he is really doing it just an Appeal to Emotion, Logical Fallacy.

I love how all you statist try and paint me as a lefty, simply hilarious

When you find a single issue you are to the right of me on, let me know


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You certainly are just using those words as Appeals to Emotion.

One more time, name me a single issue you think you are the the right of me on....


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Nationalism.

 

[Correll]

The whole point of Trade Policy is to ensure that our Trade is, at least, mutually beneficial.


It has not been.


Trade Policy that does not serve the interests of our citizens, is bad trade policy.


You saying "socialism" a lot, is not an argument against that.



Ideological purity is not a good reason to ignore the interests and well being of our citizens.

One more time...

3.8% unemployment...
More jobs than people to fill them...
108 straight months of economic expansion, the 2nd longest in our nations history...
Record setting stock markets, till the trade war was started.

How do those things equal “we have not benefited”?




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Until wages start to rise, dramatically, it is all just more of the same.

According to your savior, we are over paid as a nation.

Trade wars cannot ever raise wages, that is a pipe dream without a shred of historical support


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That was an odd and somewhat stupid comment.


Especially considering that all his policies are designed to increase wages.


Your claim about trade wars is unsupported.

What his policies are designed to do and what they will do are most likely two different things.

Can you find historical examples in the last 100 years of the US increasing tariffs and wages going up as a result?

Why would they increase wages? The thing that hurts us the most in competing with other countries is our wages already, them going up would just make
it worse. And also any increase in wages would be eaten up by the increased prices


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If high wages were the problem, then our trade deficit would have DECREASED over the last 40 years, as our wages have stagnated and our competitors wages have increased.


Instead our trade deficit just keeps growing and growing.


So, that's not the issue.


Your concern about price increases seems misplaced. Wages are only one cost factor in economics. Your assumption of an one to one price increase seems unlikely.

 

[whitehall]

Two years ago the left hated corporations and even occupied Wall Street. Today the same people worry about corporate health because of Trump's tariffs but nothing has happened but rhetoric and bluster. I smell a rat.

 

[Harpy Eagle]

The biggest mistake the Trump zealots make about the trade war is the assumption that there will be a winner when the chances are all sidles will lose


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By what metric do you constitute a 'win'? (hypothetical) What if by bolstering our national security through increased steel and oil independence, it prevents overtures of force or lopsided trade partnerships that otherwise might have come to fruition. As from a new position of greater strength this event is never realized, do we say that we are "losers" because it took sacrifice to get that independence and nothing happened in the end to warrant the sacrifice...

When was the last real threat of force against the US? I would say WW2.


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[Harpy Eagle]

You are an anarchist who only wants a police and fire department.

No, he is a lefty who is using the rhetoric of libertarians, as emotional buzzwords, to attack a pro-American trade policy.


Despite what he explicitly states, what he is really doing it just an Appeal to Emotion, Logical Fallacy.

I love how all you statist try and paint me as a lefty, simply hilarious

When you find a single issue you are to the right of me on, let me know


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You certainly are just using those words as Appeals to Emotion.

One more time, name me a single issue you think you are the the right of me on....


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Nationalism.

Ya think? How many years did you spend in service to the defense if your country?

I think you confuse jingoism for nationalism


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[mikegriffith1]

Sigh. . . . Yes, of course BMW is going to threaten this, and they might well do it. You realize BMW is not an American company, right?

Again, for the hundredth time, this kind of adjustment is going to happen when a country starts to protect its own industries and jobs and weans itself off the free-trade drug.

 

[jc456]

Tariffs are taxes on trades. Higher taxes on corporations cause less investment and less jobs. Conservatives used to understand this. Now they are cheering for higher taxes on consumers and corporations. But simply because someone dresses up a leftist policy and calls it "conservative" does not mean it isn't a bad idea.

U.S. tariffs on imported cars could lead BMW (BMWG.DE) to reduce investment and cut jobs in the United States due to the large number of cars it exports from its South Carolina plant, the German carmaker has warned.

President Trump’s administration last month launched an investigation into whether auto imports posed a national security threat and Trump has threatened to impose a 20 percent tariff on all imports of EU-assembled cars. ...

The BMW plant in South Carolina is its largest globally and ships more than 70 percent of its annual production to other export markets, the company said.

Chinese tariffs on U.S. passenger cars, imposed in retaliation for U.S. duties on Chinese goods, have already hiked up the cost of exporting to China, BMW said. Any U.S. tariffs would likely lead to further retaliatory measures from China and the European Union.

In addition, higher tariffs on components imported to the United States would make other production locations outside the country more competitive.

“All of these factors would substantially increase the costs of exporting passenger cars to these markets from the United States and deteriorate the market access for BMW in these jurisdictions, potentially leading to strongly reduced export volumes and negative effects on investment and employment in the United States,” BMW said in the letter.​

BMW says U.S. tariffs on EU cars may hit investment there

By slapping trade taxes on the automobile companies, it just makes those companies less competitive in global markets as American-made cars become more expensive.

Economics 101

*may hit*

common sense 101 - stop saying things will happen then base your fears off an article designed to stroke that fear but allow itself an out with "may hit".

also - this is going to be a blow by blow battle. if you feel it needs to be done you understand, usually, there will be hits on both sides and the end goal is to be better than when you started. harley davidson may have shifted some production to europe but they were already in south american and india - but no one bothered to say that did they? no - that would be honest and undermine the goal of making anything trump does "bad".

so the fact that you are taking everything that happens as anti-trump gets figured into how i take you and what you have to say. you wanna be a pom pom waving cheerleader for the left great. have fun. free world and all ya know? but just don't expect people to come rushing to your door with a longing for honesty you think you're providing off a "may hit" article.

so what is the date of the tariff? Friday July 6. It was announced this morning.

 

[busybee01]

nobody knew tariffs were so complicated

They have to be complicated in order to confuse Democrat and Republican globalists.

Apparently you flunked economics. Typical stupid Trump supporter.

 

[busybee01]

Tariffs are taxes on trades. Higher taxes on corporations cause less investment and less jobs. Conservatives used to understand this. Now they are cheering for higher taxes on consumers and corporations. But simply because someone dresses up a leftist policy and calls it "conservative" does not mean it isn't a bad idea.

U.S. tariffs on imported cars could lead BMW (BMWG.DE) to reduce investment and cut jobs in the United States due to the large number of cars it exports from its South Carolina plant, the German carmaker has warned.

President Trump’s administration last month launched an investigation into whether auto imports posed a national security threat and Trump has threatened to impose a 20 percent tariff on all imports of EU-assembled cars. ...

The BMW plant in South Carolina is its largest globally and ships more than 70 percent of its annual production to other export markets, the company said.

Chinese tariffs on U.S. passenger cars, imposed in retaliation for U.S. duties on Chinese goods, have already hiked up the cost of exporting to China, BMW said. Any U.S. tariffs would likely lead to further retaliatory measures from China and the European Union.

In addition, higher tariffs on components imported to the United States would make other production locations outside the country more competitive.

“All of these factors would substantially increase the costs of exporting passenger cars to these markets from the United States and deteriorate the market access for BMW in these jurisdictions, potentially leading to strongly reduced export volumes and negative effects on investment and employment in the United States,” BMW said in the letter.​

BMW says U.S. tariffs on EU cars may hit investment there

By slapping trade taxes on the automobile companies, it just makes those companies less competitive in global markets as American-made cars become more expensive.

Economics 101

BMW builds it's cars here?


So, our workers are good enough to build BMWs, one of the better engineered cars,

and cheaper than in Europe,


so why do we always have such huge and ever growing trade deficits?


Which don't matter of course. No matter all the push back. Don't think for a second they matter. Oh no. Not even a little.

The trouble is they will be more expensive because BMW has to pay HIGHER prices for steel.

The reason we have a trade deficit is because we are a rich country. We could be a poor country and have a trade surplus.

 

[mikegriffith1]

China has a trade surplus. We had a 500-billion-plus trade deficit last year. You know how China has a trade surplus? Because they follow the same fiercely protectionist trade policies that Abraham Lincoln, Ulysses Grant, Rutherford B. Hayes, Calvin Coolidge, etc., followed, the same trade policies that helped turn us into a global economic powerhouse.

Will some items cost more in the end? You bet, because they're not being made in dirt-wage factories and/or are not being subsidized by foreign governments. But, as history has shown over and over again, overall the country is better off with protectionism.