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      08-07-2018, 09:07 AM   #1
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BMW Building X5 in Thailand to Deal With Chinese Tariffs

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BMW Building X5 in Thailand to Deal With Chinese Tariffs
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Via Reuters

FRANKFURT (Reuters) - BMW’s (BMWG.DE) said it is producing between 10,000 and 20,000 X5 sports utility vehicles in Thailand as a way to supply Chinese customers now that imported vehicles from the United States face a 40 percent tariff.

In spring 2016, BMW started building the X5 in Thailand and this plant is now capable of making a “significant portion” of the vehicles that would otherwise have been exported from its plant in Spartanburg, South Carolina to China.

“This is one action to counteract,” Chief Executive Harald Krueger told analysts in a call to discuss the company’s second-quarter results.

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      08-07-2018, 09:08 AM   #2
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More winning for South Carolina!
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      08-07-2018, 10:12 AM   #3
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fake news. really being built on the moon.
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      08-07-2018, 10:39 AM   #4
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Quote:
Originally Posted by SteveinArizona View Post
fake news. really being built on the moon.
Not that it makes a big difference since these are made by machines with very little human intervention, but it just add to the winning Made In America message that clown DJT professes to believe in.
He already subsidizes farmer because of his destructive policies,... Car makers next??
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      08-07-2018, 10:43 AM   #5
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People in SC will end up losing jobs because of stupid tariffs. No one is a winner here except somebody's ego.
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      08-07-2018, 10:45 AM   #6
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Well done Donald!
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      08-07-2018, 10:47 AM   #7
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MAGA
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      08-07-2018, 11:15 AM   #8
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Make America Stupid Again!
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      08-07-2018, 11:15 AM   #9
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MAGA burden on our economy
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      08-07-2018, 11:21 AM   #10
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Political story on front page

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      08-07-2018, 11:27 AM   #11
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Quote:
Originally Posted by yousefnjr View Post
Political story on front page

How is this a political story? Its the truth. If they export X5 from the US to china they will face 25% tariff. Thats a fact , Its not just about politics. There are consequences to stupid decisions made by leaders who have zero grasp about how world economies function.
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      08-07-2018, 11:30 AM   #12
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Quote:
Originally Posted by Jason View Post
Via Reuters

FRANKFURT (Reuters) - BMW’s (BMWG.DE) said it is producing between 10,000 and 20,000 X5 sports utility vehicles in Thailand as a way to supply Chinese customers now that imported vehicles from the United States face a 40 percent tariff.

In spring 2016, BMW started building the X5 in Thailand and this plant is now capable of making a “significant portion” of the vehicles that would otherwise have been exported from its plant in Spartanburg, South Carolina to China.

“This is one action to counteract,” Chief Executive Harald Krueger told analysts in a call to discuss the company’s second-quarter results.
More MAGA!!

Short term pain, the Chinese will lose face and come around right?

/sarcasm
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      08-07-2018, 11:40 AM   #13
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In a world economy, there's only so much you can do if you can't compete on the world stage. Raising tariffs just makes companies move to avoid it.

There are no winners in these scenarios.
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      08-07-2018, 11:57 AM   #14
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Quote:
Originally Posted by FreudeamFahren18 View Post
How is this a political story? Its the truth. If they export X5 from the US to china they will face 25% tariff. Thats a fact , Its not just about politics. There are consequences to stupid decisions made by leaders who have zero grasp about how world economies function.
I mean, you just brought up Trump, so you’re answering your own question
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      08-07-2018, 12:10 PM   #15
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Quote:
Originally Posted by FreudeamFahren18 View Post
How is this a political story? Its the truth. If they export X5 from the US to china they will face 25% tariff. Thats a fact , Its not just about politics. There are consequences to stupid decisions made by leaders who have zero grasp about how world economies function.
The article states the Chinese Tariff is actually 40% (not 25%)...

BMW is the largest exporter of cars made in the USA. (Not Chevy, Ford, or Dodge...)

So the US wants to tax BMW cars 25% as we import them and then the Chinese want to tax BMW cars 40% as we export them.

BMW is taking it up the A$$ both coming and going. BMW can't win here. I wonder how all the Trump voters in Spartanburg are feeling right now? Probably a lot like the folks at Harley Davidson (and Chevy, and Ford)...
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      08-07-2018, 12:26 PM   #16
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So factories are moving out of US instead of opening new ones like Trump said on Twitter. What a joke.
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      08-07-2018, 12:38 PM   #17
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The Spartanburg plant employs 10,000 Americans with quality jobs and great benefits, produces $8.8 billion for the U.S. economy on just the vehicles they export alone, and supports various other industries like trucking, railroads, the port of Charleston, etc. The plant singlehandedly decreased the trade deficit over a billion dollars in 2017. The ONLY person that thinks these tariffs are a good idea is Trump. No word on if BMW will also shift X7 production to another country as well. BMW had pumped billions into Spartanburg. Trump is clearly barking up the wrong tree.
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      08-07-2018, 12:58 PM   #18
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sigh. must be part of the grand plan to winning.
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      08-07-2018, 01:11 PM   #19
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Quote:
Originally Posted by evanevery View Post
The article states the Chinese Tariff is actually 40% (not 25%)...

BMW is the largest exporter of cars made in the USA. (Not Chevy, Ford, or Dodge...)

So the US wants to tax BMW cars 25% as we import them and then the Chinese want to tax BMW cars 40% as we export them.

BMW is taking it up the A$$ both coming and going. BMW can't win here. I wonder how all the Trump voters in Spartanburg are feeling right now? Probably a lot like the folks at Harley Davidson (and Chevy, and Ford)...
you're assuming BMW/Harley plant workers and their friends/family/neighbors and people who get direct and indirect economic benefits of these plants understand how to crunch numbers you just crunched.
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      08-07-2018, 01:12 PM   #20
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Tomorrow, we should expect to see a tweet from #45 regarding how Thailand is now screwing us.
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      08-07-2018, 01:16 PM   #21
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So much uneducated stupidity in this thread. Why does everyone find a need to bring politics into a car thread.

No one has lost their jobs in SC because of this. The plant wasn't built overnight in Thailand and has been long a plan for BMW (even before Trump) for quite some time as it's still much cheaper to get vehicles from Thailand to China than from anywhere else.

Yes the tariffs will have some growing pains. Theyre taxes of course it's going to cause some initial pain. But it's not just about the US economy here. China is still to this day being treated like an aspiring 3rd world economy in the economical markets. They aren't even closely taxed or treated the same as most other major economic powers when it comes to world economic dealings. Read/listen to something other than a major 24hr news show and you all might learn something.

No bring on the anti trump ANTIFA hate mail. I'm ready!
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      08-07-2018, 01:18 PM   #22
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Fake news in that the decision to build in Thailand was made well before any of this tariff talk.
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