Trade war won’t af­fect BMW plant

San Antonio Express-News - - BUSINESS -

BMW AG, among the worst-hit car­mak­ers from the U.S. trade war with China, said the ten­sions play a se­condary role on where it’s mak­ing cars.

The cur­rent spat, set to cost $340 mil­lion this year from higher tar­iffs, is prob­a­bly tem­po­rary, BMW’s Chief Fi­nan­cial Of­fi­cer Ni­co­las Pe­ter said in a panel dis­cus­sion in Paris.

“I am op­ti­mistic and I think even­tu­ally men and women in charge will re­al­ize” the trade re­stric­tions “aren’t the best for cit­i­zens,” Pe­ter said at the event, which was fo­cused on Fran­coGer­man re­la­tions. “It is not like: ‘We in­vest here be­cause of tar­iff is­sues.’ It is mostly about whether the mar­ket is grow­ing.”

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