As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai
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President Trump is considering increasing tariffs on U.S. trading partners, which could impact the auto industry, particularly affecting South Korea and Japan. These countries produced a significant portion of vehicles sold in the U.S. last year.
February 13, 2025 | 5:00 pm
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NEGATIVE IMPACT
General Motors (GM) may face challenges if tariffs on South Korean and Japanese vehicles increase, as these countries are significant contributors to the U.S. auto market.
GM relies on vehicles produced in South Korea and Japan, which together account for 16.8% of U.S. vehicle sales. Increased tariffs could raise costs and affect GM's pricing strategy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Hyundai (HYMTF) could be affected by potential tariff increases on South Korean vehicles, as South Korea is a major exporter to the U.S. market.
Hyundai, a major South Korean automaker, could see increased costs and pricing pressures in the U.S. market if tariffs are raised, as South Korea accounts for a significant portion of U.S. vehicle imports.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80