• The Toyota company logo is seen June 24 on a car at a Toyota dealership in Englewood, Colorado. Foreign automakers, American manufacturers and classic-car enthusiasts are coming out against President Donald Trump's plan to consider taxing imported cars, trucks and auto parts. Toyota Motor North America says the tariffs 'would have a negative impact on all manufacturers, increasing the cost of imported vehicles as well as domestically produced vehicles that rely on imported parts.' | AP
    The Toyota company logo is seen June 24 on a car at a Toyota dealership in Englewood, Colorado. Foreign automakers, American manufacturers and classic-car enthusiasts are coming out against President Donald Trump's plan to consider taxing imported cars, trucks and auto parts. Toyota Motor North America says the tariffs "would have a negative impact on all manufacturers, increasing the cost of imported vehicles as well as domestically produced vehicles that rely on imported parts." | AP

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SOUTHFIELD, MICHIGAN/WASHINGTON – BMW AG and Hyundai Motor Co. have urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department 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 Commerce Secretary Wilbur Ross. The Munich-based luxury automaker said its investment of almost $9 billion in the BMW plant in Spartanburg, South Carolina, supports more than 120,000 U.S. jobs.

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