The Senate panel's (https://www.cnbc.com/2026/07/22/ted-cruz-china-auto-bill-mercedes-benz-gm.html) reads like protectionism theater, but the actual casualty is GM's pricing power in a market that's already brutalized by Chinese EV competition. Mercedes-Benz has BAIC backing — they have a Chinese state sponsor to navigate restrictions. GM doesn't.

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