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Used Cars For Sale In Spartanburg Sc, What Trump’s talk of German auto tariffs means for families in Upstate South Carolina – According to a Columbia economist at Columbia University, laborious negotiations on German automakers leading to President Donald Trump can only be an “opening bid” for trade negotiations.
USC economist Joey Von Nessen noted Trump’s reward if the 25 percent applied to the imported car meant good news and bad news for the consumer.
Scott Baier, Professor and President of the Economics at Clemson University, said he did not believe that the contribution of imported cars directly affects the car industry in South Carolina but could indirectly increase the cost of the car. cars. who use devices. This has a negative impact on production and employment.
According to the WirtschaftsWoche report, Trump is ready to establish a total ban on a German luxury car manufacturer on the US market, USA Today reported.
Used Cars For Sale In Spartanburg Sc
Wirtschaftswoche says Trump said on a French President Emmanuel’s line last month that it maintains its trade policy to prevent the rejection of Mercedes-Benz Fifth Avenue models. , In New York. The report does not contain detailed information on the guidelines to be followed in order to effectively prohibit high-quality car manufacturers.
The report will be less than two weeks after the US Department of Commerce. UU. It will launch an automatic import investigation to determine whether it is a threat to the US’s “national security” today. This could produce a rate of up to 25% with the same “national security criteria” introduced in the import of taxable metals in March.
BMW, which has a large Greer factory, refused to comment on the reports, said spokeswoman Kenn Sparks.
Democratic presidential candidate Marguerite Willis said he criticized the adaptation of German entrepreneurs to Trumpi.
“I grew up in Greenville and BMW saved my home,” he said. “The proposed Donald Trump test for German cars could reduce the northern part of the country and the South Carolina global economy, and I think it is time for CEO McMaster and all South Carolinier
Ron Harbor, an automotive analyst with Oliver Wyman, an international consultancy firm, has reported a German magazine report or alleged potential commercial negotiations have had a significant impact on the South Carolina plant.
“People are starting to talk stupid, because Trump’s enemies,” he said. “Finally, I’m sitting with the Germans and I guarantee that if this is over, it is likely to be a comparable tariff level for Germany and the United States, a unilateral agreement to achieve equality.” I find something reasonable. ”
Luke said he did not believe that commercial agents would take measures that could damage foreign companies’ factories in the United States, as venture capital investments are too big. He said that it is possible that the delivery of vehicles can change the model if the prices prove to be unfair.
“But that does not mean that the factory is shut down,” he said.
Von Nessen said that it was too early to know what management planning was.
“We have seen in this government that such statements can be best interpreted to begin negotiations and not to reflect certain intentions,” he said. “It’s just speculative, as it will be.”
When prices were generated on imported vehicles, he said that South Carolina brings with it costs and benefits.
“He has the opportunity to come and go,” he said. “From a positive point of view, we see domestic automakers, and perhaps even foreign companies that produce vehicles in the United States.”
In addition to vehicles manufactured by the United States. UU. They have a more competitive price. Von Nessen said that prices could also affect company decisions if the export price to the US grows. UU.
On the other hand, if the European Union or other countries apply countermeasures to vehicles exported to the United States for their country, this may affect the export of vehicles produced in the United States, particularly the United States. . South Carolina exports.
Consumers can also see higher prices for imported vehicles if taxes are taxed, said Von Nessen.
“The devil is in detail,” he said.
Baier agreed that car prices are “clearly negative for the consumer”.
He said they could also influence state journalists.
“In addition, uncertainty in policy and business practices may also affect the willingness to invest in US manufacturing facilities,” he said.
Adrienne Fairwell, spokeswoman of the South American Department of Commerce, said the state would defend Southern Carol cars manufacturers.
“Ultimately, whether it’s a German car or car brand in China, South Carolina will ultimately do everything to help its business, even if it means that Governor Karoline South wants to talk to the president or government,” he said. is. them.
According to the Ministry of Commerce, South Carolina has over 400 automotive companies with 66,000 jobs.
According to the agency, Carolina del Sur is the largest exporter of tires and complete vehicles.
In 2011-2017, the ministry said that car traffic amounted to $ 8.7 billion for the state, and the industry has quadrupled in South Karol during the past two decades.
Nowadays, the state is not just BMW, but also a factory Volvo, Mercedes-Benz, Magna, Bridgestone and Michelin.
John Bozella, chairman and CEO of global automotive manufacturers, announced last week a proposal on possible entry prices and announced that he did not know anyone who sought commercial protection.
“When these prices are introduced, consumers are suffering hard because they have fewer vehicles and higher prices for cars and lorries,” he said. “This approach jeopardizes the health and competitiveness of the automotive industry in the United States and encourages the revenge of our business partners.”
According to BMW, there are nearly 10,000 employees at the Greer mill. BMW will create more than 1,000 jobs by 2021 and will keep about 20 jobs at the factory
The BMW Group produces BMW X models in the US UU. US UU. And the world
Markets. More than 371,000 units are sold in 2017, the South Carolina plant is currently the world’s largest BMW group with a production capacity of 450,000 cars a year.
The factory exported more than 70 percent of its total production in 2017, according to BMW, 272 346 BMW X models.
About 70 percent of the steel and aluminum produced in the USA produced in the US are manufactured in the United States.
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