Headline Roundup July 10, 2018
Automakers Express Concern Over Potential 20 Percent Tariff on Automotive Imports as Companies Make Business Changes
Summary from the AllSides News Team
Automakers are expressing concern over President Trump's proposal to impose a 20 percent tariff on automotive imports, with BMW moving some production overseas and Tesla, a U.S. company, increasing prices in China in response to the country's retaliatory tariffs.
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Automakers fear Trump's efforts to protect their industry will crush it
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Washington Examiner
News
President Trump exudes complete confidence that his threat to charge tariffs of 20 percent or more on automotive imports will pay off handsomely for the American economy generally, and carmakers in particular.
BMW to shift some SUV production overseas in response to tariffs
News
BMW said Monday that it would move production for some of its SUVs out of the U.S. as a result of new tariffs placed on the vehicles, according to The Post and Courier in South Carolina.
Tesla hikes prices in China as trade war hits US cars
News
Tesla has hiked the prices of its cars in China by about 20% after getting caught in the crossfire of the trade clash between Washington and Beijing.
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