Trump, Hyundai and Tariff
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Analysts expect automakers will have to significantly hike vehicle prices if the new tariffs remain in place for an extended period, leaving consumers to pay more for vehicles that already have price ...
From USA TODAY
President Trump enacted a 25% tariff on all imported cars and light-duty trucks, and a 10% minimum tariff on other imported goods.
From USA Today
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Automakers including General Motors Co. and Hyundai Motor Co. reported higher US auto sales as the threat of price hikes from President Donald Trump’s tariffs drove consumers to showrooms.
Trump touted Hyundai's $5.8 billion in its first U.S. steel mill in Louisiana was a result of threatened tariffs on overseas manufacturing.
8don MSN
Hyundai celebrated the opening of its new $7.6 billion electric vehicle factory in Georgia on Wednesday by announcing plans to expand its production capacity by two-thirds to a total of 500,000 vehicles per year.
President Donald Trump will tout plans by Hyundai Motor Co. to invest $20 billion in the US, as the South Korean automaker moves to boost production on American soil and avoid his tariff threats, according to a person familiar with the matter.
President Trump announced a $5.8 billion Hyundai Steel project, the company's largest investment in the U.S., for the Donaldsonville area of Ascension Parish. The steel project is estimated to bring in around 1,300 direct jobs and thousands of indirect jobs.
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Kia Corp. is aiming to sell more electric vehicles in Europe as President Donald Trump’s auto tariffs and anti-EV policies cloud the outlook in the US.
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Yonhap News Agency on MSNSteelmakers brace for Trump's tariffs with U.S. production, higher-value productsSouth Korean steelmakers are bracing for U.S. President Donald Trump's sweeping tariffs with possible plans to build production facilities in the United States, industry officials and market observers said Wednesday.