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As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

13 February 2025
in World
As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai
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President Donald Trump is considering increasing tariffs on U.S. trading partners, which would significantly impact the auto industry, particularly South Korea and Japan. These countries produced a combined 16.8% of vehicles sold in the U.S. last year, with South Korea becoming the second-largest exporter of new cars to the U.S. after Mexico. General Motors and Hyundai Motor are among the automakers that export vehicles tariff-free from South Korea, posing a potential risk for these players as they face potential tariffs.

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Tags: AutosBreaking News: BusinessBusinessbusiness newsDonald J. TrumpDonald TrumpeyesFord Motor CoGeneral Motors CohavenHonda Motor Co LtdHyundaiHyundai Motor CoInternational tradeJapanKoreaMark ReussNissan Motor Co LtdPhoenix Motor IncRemainsSafeSouthSouth KoreaTariffsToyota Motor CorpTransportationTrumpUnited States
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