Hyundai Warns U.S. Auto Tariff Would Be 'Devastating'
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Hyundai Motor Co. joined a chorus of rebuke from global automakers against possible import tariffs by the Trump administration, warning the duties would be “devastating” to the Korean automaker and its U.S. operations.
The tariffs “would not only harm Hyundai Motor’s U.S. business operations and the American workers and communities the company supports, but it would also jeopardize Hyundai Motor’s plans for additional U.S. investments,” Hyundai Motor said in comments submitted to the U.S. Department of Commerce on June 29.