Marketplace is community-funded public service journalism. Give in any amount that works for you – what matters is that you give today.
China’s new tariff retaliation hits U.S. auto and parts sectors
Beijing retaliated Friday against U.S. tariffs with import taxes of its own on $75 billion worth of American-made products. That includes autos and auto parts made in the United States that rely on China as a critical market.
China is the No. 2 export market for U.S. vehicles, notably the BMW X5 sport utility vehicle assembled in Spartanburg County, South Carolina. County Councilmember David Britt, a Republican, said Chinese tariffs have already impacted BMW, which has not expanded its U.S. operations in two years.
“When BMW slows down, everything from the churches to the automotive shops, the restaurants in Spartanburg and across South Carolina [is] affected,” Britt said. “It has a ripple effect like dropping a meteor in a swimming pool.”
Click the audio player above to hear the full story.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.