Trade war won’t affect BMW plant
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.”