Have the Trump tariffs affected the upstate much at all? (Charleston: tax, cost)

[Bouje2]

Just wondering what the mood has been up there concerning the tariffs. I know companies here in the midlands getting hit. Have the tax cuts offset them basically?

[g-man430]

Not to my knowledge. Every manufacturer here is still hiring out of the kazoo.

[furmanpals]

Google BMW and tariffs. Also, tariffs are putting a damper on the stock market.

[g-man430]

Originally Posted by furmanpals

Google BMW and tariffs. Also, tariffs are putting a damper on the stock market.

Nobody has been laid off there and they’re still hiring. There’s digital billboards up all over the place for MAU at BMW especially forklift drivers.

[Bouje2]

Originally Posted by g-man430

Nobody has been laid off there and they’re still hiring. There’s digital billboards up all over the place for MAU at BMW especially forklift drivers.

Gotcha. So BMW is just eating the extra cost then and shrugging. Or consumers pay more. I see.

[g-man430]

Originally Posted by Bouje2

Gotcha. So BMW is just eating the extra cost then and shrugging. Or consumers pay more. I see.

Pretty much. They just had a big job fair a week ago: https://www.mau.com/now-hiring/mau-i...23-18-job-fair

[vtmike]

I wouldn't expect a massive immediate downturn right away. Shifting manufacturing, especially of something like a car, to another country takes time.



Given the current state of the economy I wouldn't be a concerned as much about current jobs as it is about future investment. When a company is looking to setup or expand shop, a tariff is a big con. Whether its a big enough con to get the company go else where is the big question. If economy takes a downward spiral then all bets are off and tariffs could likely make things worse.

[scguy89]

Yes for my company. We are in the energy business and this hitting us very hard. To move suppliers for our parts take years so we are having to eat most of the cost. It’s brought up daily at work and I work with a lot of republicans.

[furmanpals]

BMW: Ongoing trade war could push some South Carolina car production to China https://www.greenvilleonline.com/sto...na/1922121002/

[Downtown27]

Volvo has also just announced they no longer plan to export to China from their new factory in the Charleston area. Instead they'll focus on domestic production. This presumably will mean fewer jobs because of lower production. They're making a sedan there that has relatively low demand in the US but higher demand in China.