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BMW hikes X3 production in China, U.S., mitigating fallout from tariffs

Reuters Tuesday, 7 May 2019 ()
BMW's Chief Executive on Tuesday said the carmaker has increased production of its X3 offroader model in Spartanburg, South Carolina, as well as in China, a step which reduces exposure to trade tariffs between China and the United States.
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News video: China to Retaliate If U.S. Raises Tariffs As Planned

China to Retaliate If U.S. Raises Tariffs As Planned 00:36

According to Reuters, China’s commerce ministry said on Wednesday it would take retaliatory measures if Washington went ahead with a plan to raise tariffs on Chinese imports on Friday.The ministry said that escalating trade frictions were not in the interests of either country or the world....

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