ItsNotAboutTheMoney
Well-Known Member
GM had TWO auto factories in India.
Now they sold 1 and have 1 for export only.
They were not paying a Whopping tariff on very many of their cars sold in India.
With a 24% or 100% tariff it's challenging to sell anything other than vehicles they make there. Can't even try to establish a brand as near-premium off the back of a luxury brand when the luxury tariff is so high. With the barriers to imports, they don't have time to turn that market around.
This is all relevant to the Bolt since tariffs have the largest impact on low-volume products.
Defined as anything above _$40k_, which is pretty much everything that Jaguar/Landrover sells, including the iPace.100% tariff is for luxury cars only.
If the iPace started at $120k in the USA it'd be a laughing stock.
I don't mind protectionism as long as the country isn't an exporter, including by acquisition.
I don't mind favoritism as long as it's consistent, open, positive and mutual.
I don't mind free trade, as long as it's _really_ free.