
Most people who just drive their cars every day or buy a new one every decade or so never see this, but the automotive industry works off a global rules-based order. Safety regulations tell the car companies what they can and cannot build; the same is true for emissions regulations. Tariffs, trade rules, technology trends, currency fluctuations and other factors all tell those automakers where they can build and how much they can charge—and it takes years upon years to set that all up.