Bill > H4325

This resolution urges the President of the United States to end tariffs that are harming BMW and other critical industries in South Carolina. The resolution highlights BMW's significant economic impact in the state, noting the company has invested $14.8 billion since 1992 and is currently expanding its operations to include electric vehicle and battery assembly plants in Spartanburg and Woodruff. The document emphasizes that BMW is the largest automotive exporter from the U.S., with about $10 billion in export value in 2024, and that the company could potentially lose up to $1.1 billion this year due to various international tariffs on steel, aluminum, vehicle imports, and electric vehicles. The resolution calls on the President to eliminate these tariffs that are negatively impacting BMW and other important industries in South Carolina, and stipulates that a copy of the resolution will be sent to the President.

https://www.scstatehouse.gov/billsearch.php?billnumbers=4325&session=126&summary=B