Southfield/Washington — BMW is the latest company to urge the US not to impose tariffs on vehicle imports, joining General Motors in pressing its case to US Commerce Secretary Wilbur Ross, even as a top aide to President Donald Trump dismissed the concerns as "smoke and mirrors". "It seems that the threat to impose these sanctions is designed to achieve certain goals," the newspaper Welt am Sonntag reported, citing a copy of BMW’s letter to Ross. The Munich-based luxury car maker said that its investment of almost $9bn in the BMW plant at Spartanburg, South Carolina, supported more than 120,000 US jobs. White House trade adviser Peter Navarro earlier addressed Friday’s stern warning by GM to the Trump administration that it could shrink US operations and cut jobs if tariffs are broadly applied to imported vehicles and automotive parts.

"Increased import tariffs could lead to a smaller GM, a reduced presence at home and risk less — not more — US jobs," the nation’s largest car ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.