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Trump Threatens BMW with 35% Tax on Cars Made in Mexico
President-elect Donald Trump tells Bild the U.S. will add a 35% border tax on any 3 Series sedans BMW AG intends to import from Mexico.
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President-elect Donald Trump tells Bild the U.S. will add a 35% border tax on any 3 Series sedans BMW AG intends to import from Mexico.
The company plans by 2019 to make the cars at a factory it is began constructing in June in San Luis Potosi. The facility will supply the company’s top-selling 3 Series models worldwide.
BMW said last summer that about 70% of the cars made at the Mexica facility would be sold in North America. But the company claimed last weekend that the complex will be viable even if it ships none of its output to the U.S.
Trump tells Bild it would be “much better” for BMW to produce the 3 Series in the U.S. The company current sources its extensive lineup of SUV/crossover models to global markets from its huge manufacturing complex in Spartanburg, S.C.
BMW supplies the American market with 3 Series cars made in Germany and South Africa.
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