BMW will become the first big carmaker to raise prices on US-built vehicles exported to China as the global trade war starts to hit consumers.
The German luxury carmaker is responding to higher tariffs imposed by Beijing in retaliation against President Donald Trump’s duties on imported Chinese goods.
BMW is the US’s largest vehicle exporter to China by value, thanks to its popular sport utility vehicles made in Spartanburg, South Carolina — its biggest factory in the world. The plant exported more than 70 per cent of the 371,316 vehicles it produced last year.
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