BMW to Increase Prices Due to Tariffs

Tariffs continue to impact companies   BMW announced over the weekend that it will raise the price of its SUVs in China due to steep tariffs on U.S. imports. The two SUVs which will increase in price are the X5 and X6 SUVs. These cars will likely increase in price from anywhere between four and seven percent, according to Reuters. This price change follows China’s implementation of an initial 25 percent tariff on U.S. cars and a more recent increase to 40 percent. These tariffs are a direct result of U.S.…

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Chancellor Merkel and Chinese Prime Minister Sign Agreement to Increase Trade

China has been continuing efforts to ally with European countries for trade purposes in the wake of the Trump Administration’s recent tariffs. German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang recently met and agreed to create a multilateral trade system between their countries order to strengthen their respective economies. Keqiang held a similar meeting with France, wherein he agreed to increase China’s purchase of French products. In a wildly different approach to Trump’s, China has recently solidified its relationship with other countries through its mutually beneficial deals. During the…

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