The Toll of Trump’s Trade War: Damage to More Than Just Daimler
- Carmaker bets on globalism may backfire from Detroit to Tokyo
- China tariffs could be opening salvo in auto-import crackdown
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Over the past three decades, the global auto industry has gotten, well, more global. Manufacturers built scores of factories outside their home countries to reduce exposure to currency swings, take advantage of cheaper labor and manufacture cars closer to buyers.
BMW AG makes sport utility vehicles in South Carolina. Toyota Motor Corp. produces sedans in Kentucky. General Motors Co. manufactures pickups in Mexico. Hyundai Motor Co. assembles crossovers in the Czech Republic. And almost everyone is producing more of almost everything in China.