Thanks to Trump's tariffs and China's response BMW Increasing Production in China, in a shift away from the US.

Automaker BMW says it will build more of its popular SUVs overseas to offset the higher cost of sending cars to China due to recently enacted tariffs.

BMW also said it will raise the price of South Carolina-built vehicles sold in China to help offset that country's new 40 percent import tax on cars from the U.S., retaliation for higher tariffs on Chinese goods imposed by President Donald Trump.

BMW builds key SUV models in Spartanburg County, where it employs 10,000 people. Those vehicles are exported to 140 countries, making BMW the largest U.S. auto exporter. Most of the cars made in the Upstate are shipped overseas through the Port of Charleston's Columbus Street Terminal.

BMW and Chinese partner Brilliance Automotive Group Holdings signed an agreement Monday to expand their joint venture, the German automaker said in a news release. The deal will boost the number of cars produced annually at two facilities in China to 520,000 by 2019.

Winning Announcements Stack Up

This winning announcement is fresh on the heels of this Tesla winning announcement: Tesla Production Heads to China: Bull and Bear Case Explained.

Previously, we had this winning announcement: Harley to Shift Some Production Overseas.

On the Harley announcement, I heard analysts say "BMW is far more important and EU production will move to the US."

Something happened to the latter half of that thought.

Forget about that, BMW is clearly more important than Harley. That makes the BMW announcement a bigger Trump "win".

Ka-Blam

Image placeholder title

RECOMMENDED ARTICLES

8D Chess

Tariff fans say China has more to lose and Trump is playing 3D chess.

Is that 3D or 8D?

I cannot think in eight dimensions. I am dimensionally-challenged.

I must be playing tiddlywinks.

Related Articles

Winning Getting Out of Hand

In case you missed it, Thanks to Trump Tariffs Soybeans Tumble Near 10-Year Low.

This "winning" is getting a bit out of hand. I have lost track of the wins. But I do have a simple question:

How much more winning can we take?

While pondering that simple question, Bloomberg reports U.S. Poised to Publish $200 Billion China Tariff List.

Perhaps it's time to consider my tiddlywinks view: No Matter What Any Other Country Does, the Correct Action is to Reduce Tariffs.

Mike "Mish" Shedlock

Trump's Trade War With China: The US is Not Winning

Think trade wars are easy to win? Think again.

Stupid is As Stupid Does: Trump Hits China With $200 Billion More Tariffs

The global trade war escalated moments ago when Trump fired back with a threat of $200 billion more tariffs.

Apple in Trump's Trade Crosshairs as China and US Agree to More Talks

Stocks staged an afternoon rally reversing early losses after China and Trump agreed to more talks.

More Tariffs on China: 1,300 Product Categories

Trump is stepping up his attack on China. Us consumers and businesses will pay the price.

Dear Mr. President: How Much More "Winning" Can We Take?

US cotton producers will take a hit in the US-China tit-for-tat trade war. We call this "winning".

Futures Tank as Trump Proposes $100 Billion More China Tariffs

China retaliated on $50 Billion worth of tariffs, so Tump slammed China with another $100 billion.

Trump Unwisely Escalates Trade War: Expect a "Rare Earth" Response From China

Trump's imposed more tariffs on China. If China retaliates, Trump will respond with tariffs on all imports from China

Moving Average Bounces Getting Weaker and Weaker: Major Carnage Coming

Bounces off the 200 Day exponential moving average lines keep getting weaker for all the major indexes.

Trump Winning So Much It Almost Seems Unfair

Ever since president Trump tweeted that winning trade wars was easy, I've been keeping track. The stats are impressive.