WEB Notes: There is no doubt in my mind, this “trade war” is a part of the next phase the globalists have in their playbook. This will continue to cause economic uncertainty and change the economic landscape.
BMW said on Monday that it will add production of some of its SUVs in China and increase prices on vehicles built in its Spartanburg, South Carolina, plant sold in China, according to a report from The Post and Courier.
A BMW spokesman told Motor Authority on Monday that the German automaker is adding X5 production in China, and said that “production levels at BMW Plant Spartanburg are not affected.”
The move comes in response to a 40-percent tariff on SUVs built in the U.S. levied by China. China’s tariffs were retaliation for tariffs imposed by President Donald Trump on $34 billion worth of Chinese products.