The bill, H. 4325, is a House Resolution introduced in the South Carolina General Assembly to urge the President of the United States to eliminate tariffs that are adversely impacting BMW and other essential industries within the state. The resolution highlights BMW's significant investment of over $14.8 billion in Spartanburg since 1992 and its ongoing $1.7 billion expansion to produce electric vehicles and establish a high-voltage battery assembly plant. It also notes that BMW is the largest automotive exporter by value from the U.S., with a total export value of approximately $10 billion in 2024, and emphasizes the financial strain the company faces due to tariffs on steel, aluminum, vehicle imports from Mexico, and Chinese electric vehicles.
The resolution calls for the South Carolina House of Representatives to formally express their concerns to the President regarding these tariffs, which could potentially result in a loss of up to $1.1 billion for BMW this year. Additionally, the resolution includes a provision to present a copy of the resolution to the President of the United States, reinforcing the urgency of the matter for the state's economy and the automotive industry.