Headline Roundup • July 10th, 2018
Automakers Express Concern Over Potential 20 Percent Tariff on Automotive Imports as Companies Make Business Changes
Summary from the AllSides News Team
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Washington Examiner
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 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 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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