I keep wondering how much more winning we can take. Regardless, more winning is on the way, another $200 billion.

Thanks to Trump's tariffs and China's response BMW Increasing Production in China, in a shift away from the US.

Automaker BMW says it will build more of its popular SUVs overseas to offset the higher cost of sending cars to China due to recently enacted tariffs.

BMW also said it will raise the price of South Carolina-built vehicles sold in China to help offset that country's new 40 percent import tax on cars from the U.S., retaliation for higher tariffs on Chinese goods imposed by President Donald Trump.

BMW builds key SUV models in Spartanburg County, where it employs 10,000 people. Those vehicles are exported to 140 countries, making BMW the largest U.S. auto exporter. Most of the cars made in the Upstate are shipped overseas through the Port of Charleston's Columbus Street Terminal.

BMW and Chinese partner Brilliance Automotive Group Holdings signed an agreement Monday to expand their joint venture, the German automaker said in a news release. The deal will boost the number of cars produced annually at two facilities in China to 520,000 by 2019.

Winning Announcements Stack Up

This winning announcement is fresh on the heels of this Tesla winning announcement: Tesla Production Heads to China: Bull and Bear Case Explained.

Previously, we had this winning announcement: Harley to Shift Some Production Overseas.

On the Harley announcement, I heard analysts say "BMW is far more important and EU production will move to the US."

Something happened to the latter half of that thought.

Forget about that, BMW is clearly more important than Harley. That makes the BMW announcement a bigger Trump "win".

Ka-Blam

China

8D Chess

Tariff fans say China has more to lose and Trump is playing 3D chess.

Is that 3D or 8D?

I cannot think in eight dimensions. I am dimensionally-challenged.

I must be playing tiddlywinks.

Related Articles

  • Latest US Trade Casualties: Nails, Whiskey, Cranberries, Lobster, and Autos Too.

  • Three US Tire-Chord Makers Threaten to Close Doors Due to Trump Tariffs

Winning Getting Out of Hand

In case you missed it, Thanks to Trump Tariffs Soybeans Tumble Near 10-Year Low.

This "winning" is getting a bit out of hand. I have lost track of the wins. But I do have a simple question:

How much more winning can we take?

While pondering that simple question, Bloomberg reports U.S. Poised to Publish $200 Billion China Tariff List.

Perhaps it's time to consider my tiddlywinks view: No Matter What Any Other Country Does, the Correct Action is to Reduce Tariffs.

This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.

Recommended Content


Recommended Content

Editors’ Picks

GBP/USD extends recovery gains to near 1.3250, as BoE looms

GBP/USD extends recovery gains to near 1.3250, as BoE looms

GBP/USD extends the recovery to near 1.3200 in European trading on Thursday, having found buyers near 1.3150. A fresh US Dollar pullback and a rebound in risk sentiment offer support to the pair ahead of the BoE policy announcements. 

GBP/USD News
EUR/USD advances to 1.1150, focus shifts to ECB-speak

EUR/USD advances to 1.1150, focus shifts to ECB-speak

EUR/USD is well-bid near 1.1150 in the European session on Thursday. The pair is underpinned by the renewed US Dollar retreat and an upbeat mood. Traders digest the Fed's dovish outlook, bracing for ECB-speak for fresh trading incentives. US data are also eyed. 

EUR/USD News
Gold price jumps back closer to all-time peak, $2,600 remains in sight amid fresh USD weakness

Gold price jumps back closer to all-time peak, $2,600 remains in sight amid fresh USD weakness

Gold price regains positive traction following the previous day's pullback from the all-time peak and builds on its steady intraday ascent heading into the European session on Thursday. 

Gold News
BoE expected to keep interest rate unchanged at 5% as price pressures persist

BoE expected to keep interest rate unchanged at 5% as price pressures persist

After a close call in August, the Bank of England’s September interest rate decision is keenly awaited for fresh cues on the bank’s future policy action and the pace of its bond sales.

Read more
Bitcoin surges to $62,000 mark after 50 bps Fed rate cut

Bitcoin surges to $62,000 mark after 50 bps Fed rate cut

Bitcoin and Ripple eye for a rally as they break and find support around their resistance barrier. Meanwhile, Ethereum demonstrates signs of recovery as it approaches a critical resistance level, indicating that an upward rally could be on the horizon if it successfully breaks through.

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures