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My neighbor in a developing country bought a brand new Hyundai sedan ICE for $10k. Power windows, AC, rearview camera and infotainment... For some reason cars

My neighbor in a developing country bought a brand new Hyundai sedan ICE for $10k. Power windows, AC, rearview camera and infotainment... For some reason cars cost a lot in the US. Even with safety standards and features.

glitchc 3y ago
In a word: Tariffs
- gruez 3y ago
  Source? I searched around and couldn't find the tariff rate on sedans. There's a bunch of results for Trump's proposed 25% tariff and existing "chicken tax" on 25% for trucks, but nothing for sedans. Moreover, even if we go with the rate for trucks, that would mean that the truck would cost 12.5k, which is more but still in the "ridiculously cheap" price range.
  - glitchc 3y ago
    Right here, search for "Dutiable Entry": https://www.cbp.gov/trade/basic-import-export/importing-car#:~:text=Dutiable%20Entry,Motorcycles%202.4%25%20or%20free https://www.cbp.gov/trade/basic-import-export/importing-car#... Although, notably it's not as high as I expected.
alphabettsy 3y ago
I’d be interested to see if it would pass a US crash test. Airbags don’t do much if the structure fails catastrophically.