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The Biggest Auto Losers in Trump’s Trade War So Far: Luxury Brands
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The BMW 3 Series once topped the list of the world’s bestselling premium cars. About a dozen foreign-made models, including the sporty, relatively affordable BMW 3, are ensnared in President Trump’s trade war. The 3 Series until recently has only been subject to a 2.5% duty when imported into the U.S. BMW told its dealers that the car, with a sticker price of around $47,000, is now subject to a 27.5% tariff, potentially adding more than $10,000 to the price tag.