It is very early in the morning so my memory may be effected, but if i recall correctly, you need to manufacture cars in the US because with little exception, foreign produced cars are subject to the chicken tax.
Adding Trumps tariffs may lead to foreign manufactured Hyundais being unaffordable for Americans. And, as much as I criticize Hyundai and subsidiaries, they did jump into the EV game pretty early. It would be a shame to lose them in the US market
I’m not sure about 20% but with stagnant wages, Americans will eventually not be able to afford things. One of the first things to be cut will be items priced more than they’re worth (ie. Tariff + tariff)
When you consider the costs from building new plants, having a more expensive workforce, and that the raw materials are heavily hit with tariffs, it might not actually be more expensive to just keep it elsewhere.
It’s not about costs to corporate but about costs to consumer. Infrastructure investments come with a high initial cost but the cost is averaged(?) over time and becomes worth it.
The chicken tax doesn’t go away and is a set percentage for the consumer. If the tariffs are found to be legal, then they too will be a consistent cost addition for the consumer.
Even if it’s cheaper for corporate to build elsewhere, if the consumer won’t buy your car because of a constant added cost per car.
I don’t agree at all. Cost is cost. Infrastructure cost does partially away over time, but higher workforce cost and higher materials cost will always be there. Not to mention how volatile the situation is politically. Trump hasn’t been shown to be one that can be appeased once and you stay in his good graces. He always wants more and changes his mind constantly. I think a long term investing in a new plant sounds highly risky.
True on the workforce cost and material cost. Maybe we need actual numbers to figure which way is the correct way as I don’t know what % of the vehicle cost labor is.
But yeah, Trump is very tempermental and could always turn on you. I personally would just pull out of the US market and possibly piss off Hyundai owners but that’s me. I just don’t think importing from abroad is a good long term strategy.
I hope Hyundai expands their operations in India. That would be a boost for our employment.
Canada would be fine too.
It is very early in the morning so my memory may be effected, but if i recall correctly, you need to manufacture cars in the US because with little exception, foreign produced cars are subject to the chicken tax.
Adding Trumps tariffs may lead to foreign manufactured Hyundais being unaffordable for Americans. And, as much as I criticize Hyundai and subsidiaries, they did jump into the EV game pretty early. It would be a shame to lose them in the US market
Or they can just say fuck the US and it’s fascist banana republic sham of a government.
100% the only people losing are the American people so, yeah. I would pull out of the US market if I was in charge
Yeah but it’s business and Americans have money. Isn’t like 20% of worldwide consumer consumption from Americans still?
I’m not sure about 20% but with stagnant wages, Americans will eventually not be able to afford things. One of the first things to be cut will be items priced more than they’re worth (ie. Tariff + tariff)
When you consider the costs from building new plants, having a more expensive workforce, and that the raw materials are heavily hit with tariffs, it might not actually be more expensive to just keep it elsewhere.
It’s not about costs to corporate but about costs to consumer. Infrastructure investments come with a high initial cost but the cost is averaged(?) over time and becomes worth it.
The chicken tax doesn’t go away and is a set percentage for the consumer. If the tariffs are found to be legal, then they too will be a consistent cost addition for the consumer.
Even if it’s cheaper for corporate to build elsewhere, if the consumer won’t buy your car because of a constant added cost per car.
I don’t agree at all. Cost is cost. Infrastructure cost does partially away over time, but higher workforce cost and higher materials cost will always be there. Not to mention how volatile the situation is politically. Trump hasn’t been shown to be one that can be appeased once and you stay in his good graces. He always wants more and changes his mind constantly. I think a long term investing in a new plant sounds highly risky.
True on the workforce cost and material cost. Maybe we need actual numbers to figure which way is the correct way as I don’t know what % of the vehicle cost labor is.
But yeah, Trump is very tempermental and could always turn on you. I personally would just pull out of the US market and possibly piss off Hyundai owners but that’s me. I just don’t think importing from abroad is a good long term strategy.