PressTV-BMW says US tariffs on EU cars may hit investment

US tariffs on imported cars could lead BMW to reduce investment and cut jobs in the United States due to the large number of cars it exports from its South Carolina plant, the German luxury automaker has warned.

“The domestic manufacture of automobiles has no apparent correlation with US national security,” BMW wrote in a letter to US Secretary of Commerce Wilbur Ross this week, adding that imposing duties would not increase American growth and competitiveness.

The BMW plant in the state of South Carolina is its largest globally and ships more than 70 percent of its annual production to other export markets, the company said.

Chinese tariffs on US passenger cars, imposed in retaliation for US duties on Chinese goods, have already hiked up the cost of exporting to China, BMW warned.

Any US tariffs would likely lead to further retaliatory measures from China and the European Union, the Munich-based company said.

In addition, higher…

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