LISTEN: Despite Tariffs, GM Still Builds Cheaper Cars in Korea

It’s clear that the goal of the United States tariffs on automobiles was to give American production a leg up. Adding costs to imports would - theoretically - encourage buyers to favor American-made vehicles, and encourage automakers to, perhaps, reshore their globally produced models.But as with many complex economic questions, the reality is a bit less straightforward – as evidenced by GM’s latest announcement.The Detroit-based automaker, who has long operated three factories in South Korea, revealed last month that it would be investing in Korea further. The goal for GM is to increase production capacity for vehicles that would be exported to U.S. buyers.GM’s Chevrolet Trax and Trailblazer, as well as the Buick Envista and Encore GX are currently produced across three factories in Korea which employ some 12,000 workers and churn out about 460,000 vehicles annually. #Tariffs #ManufacturingNews #AutoIndustry #GeneralMotors #GlobalManufacturing #SupplyChain #Reshoring #Economics #TradePolicy #AutomotiveNews #BusinessStrategy #GlobalTrade #FactoryProduction #IndustryTrends #CostAnalysis #AutoManufacturing #USManufacturing #KoreaManufacturing #MarketForces #EconomicReality