• BMW Will Raise Chinese Prices of American-Made Vehicles to Offset New Tariffs

    2 monthes ago - By Fortune

    In the latest sign of the complex fallout from Donald Trump's trade war , BMW says it will raise the price in China of two SUVs manufactured in South Carolina, potentially dampening demand for the vehicles.
    Reuters reports that the price increases will impact the X5 and X6 SUV models, and will be between 4 and 7%. That's less than the recent 25% increase in Chinese tariffs on imported U.S.-made cars, meaning the tariffs will cut into BMW's profit margin on the vehicles. BMW had already warned that it wouldn't be able to "completely absorb" the cost of higher tariffs.
    China announced...
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  • Charles Koch Says Trump's Trade Moves May Trigger U.S. Recession

    2 monthes ago - By Fortune

    Billionaire Charles Koch said Sunday he worries President Donald Trump's actions on trade and tariffs put the booming U.S. economy at risk of recession.
    "I have no idea," Koch said in Colorado during a rare on-the-record meeting with reporters. "It depends on the degree. Yeah, if it's severe enough it could."
    The comments came as donors to Koch's conservative political network are gathered for a three-day meeting at a luxury resort in Colorado Springs.
    The network, with more than 700 donors who give at least $100,000 per year, has convened such gatherings twice annually since 2003. Like...
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