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

July 6, 2018 admin Business News Comments Off on Tariffs on U.S.-made models will mean pricier BMWs in China

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.

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Source:: Reuters – Business News