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India actually uses a rather simple strategy to keep car jobs. We simply tax all car imports at 100%. Full car kit imports that need to be assembled in India ar
by sfifs 10y ago
India actually uses a rather simple strategy to keep car jobs. We simply tax all car imports at 100%. Full car kit imports that need to be assembled in India are taxed at a lower rate and companies that manufacture and setup local supply chains get tax concessions. Guess how global car manufacturers respond.
In a labor heavy supply chain like car manufacturing, it still boggles my mind why major consumer markets like the US would allow easy car imports at all.
- kylehotchkiss 10y agoAmerican lawmakers love their German cars :D