GM cuts vehicle prices on 4 models in China: USD implications

As Matt has been pointing out here for about the last year, in every market there is a price setter. It could be the government/central bank in the case of interest rate setting or large exporters in the case of exchange rates (central banks have largely gotten out of this game).

So now we see GM cutting prices of vehicles in China.

DETROIT (Reuters) - General Motors Co (GM.N) has cut vehicle prices in China after sales fell last month in the world's largest automotive market.

The No. 1 U.S. car maker's joint venture with SAIC Motor Corp set price reductions of as much as 53,900 yuan ($8,681) on 40 models across its Buick, Chevrolet and Cadillac brands, according to a statement on Tuesday on Shanghai GM's website. Read here.

Will other US exporters do the same? Will they do it in other markets? (Europe? Japan?)  It has implications for the dollar. Bearish implications.

Matt Franko, chime in here, please.