Hyundai & GM Benefit from Reduced Tariffs
Update: 2025-12-04
Description
Hyundai and GM to Gain from Reduced U.S. Tariffs on South Korean VehiclesHyundai and GM are set to benefit significantly from reduced U.S. tariffs on vehicles imported from South Korea. The tariffs, imposed by President Trump, have cost Hyundai $1.2 billion in the third quarter alone and were projected to cost GM $3.5-4.5 billion by 2025. However, with South Koreas commitment to invest $350 billion in the U.S., the U.S. has announced a reduction in tariffs. GMs CFO now anticipates the levies will cost closer to $1 billion or less by 2026, calling it a tailwind for the company. This development marks a positive shift for the automotive industry, easing financial burdens and fostering stronger economic ties between the U.S. and South Korea.
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