
China’s new tariff retaliation hits U.S. auto and parts sectors
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.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?