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BMW affirms

Summary:
BMW sticking to the MAGA script.Don't put it past the firms to balance out the trade themselves just to shut up the pols and  economists...Let’s clear the air. BMW is NOT moving U.S. production to China. Production in China is growing because of customer demand. Expansion of our U.S. plant, including 0M investment and 1,000 new jobs, is on track with a new X5 and all-new X7 arriving before the end of this year.— BMW USA (@BMWUSA) July 12, 2018

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BMW sticking to the MAGA script.

Don't put it past the firms to balance out the trade themselves just to shut up the pols and  economists...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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