As Trump UPS tariffs, GM and Hyundai are increasing the import of South Korea

Detroit – as President Donald Trump It is even more threatening Increase tariffs in US trading partnersThe biggest impact on the automotive industry outside North America would be extra money in South Korea and Japan.

East Asian countries in the United States, according to the CNBC, 8.2% from South Korea, including 8.2% from Japan, including 8.2% from Japan, including 8.2% 8.2% of Japan, including 8.2% of Japan, including

They were the biggest tool importers in the United States outside Mexico – and did not get any task compared to 25% tariff Trump To apply to Canada and Mexico.

Cars like General Engines and South Korea-based Hyundai motor Export vehicles are non-tariff from South Korea. Last year to become the second largest exporter of new cars based on sales last year in the country and Canada last year.

In 2024, only Mexico, which represents 16.2% of US car sales in 2024, Globallata reports.

“It is clear that Hyundai has a mass amounting to a mass of mass. With the relatively large volume models,” said Jeff Schuster, Global Vice-President of car research in Globalata. “There is a lot of potential risk here, but it is limited to two players, really limited.”

Import from Japan is currently subject to 2.5% tariff for cars Toyota motor, Nissan engine and Honda Motor. Vehicles from Japan represented about 1.31 million cars in the United States last year

Japan’s sales percentage in recent years, South Korean exports and sales continued to increase more than 845,000 to 845,000 in 2024 in 2019.

Although South Korea was interested in the country’s trade deal in 2018, South Korean cars have 0% of cars.

According to the data, the transaction has done little to increase car exports to South Korea International Trade Commission. The export of a US passenger car to South Korea has actually decreased by 16%.

Separate from the cars from the cars from South Korea and Japan to the United States, as well as the United States, as well as 25% of trucks.

A tariff is taxed to the United States to import or external goods. Companies with imported goods are paying tariffs, and some experts are afraid to reduce the demand only by increasing additional costs and requirements for consumers.

GM is the largest external direct investor in the Korean manufacturing industry the manufacturer’s website. Since the date of establishing operations in 2002, he won 9 trillion South Korea (about $ 6.2 billion).

GM produces it Buick Encore GX and Buick Engista Crossovers, Chevrolet trailblazer and Chevrolet Trace Crossovers in plants in South Korea. The company puts vehicles as a peak for profitable growth in the low margin of automobile manufacturer, input-level vehicles.

“The new Chevy Trax and Buick Engista are loved by customers,” GM President Mark Resuss said that the company Investor’s Day in October. “TRAX and Investa helped raise the share of the US small SUV market to the highest level since 2007.”

Hyundai did not respond immediately when asked about potential tariffs in South Korea. GM and Kia refused to comment.

Terence Lau, Dean of the Law College at Syracuse University working as a trade specialist Ford MotorThe automotive industry has been established on free trade. If tariffs are applied, the industry can regulate, but it takes time.

“The automotive industry can adapt to anything. You can do it, because customers always need to get the product they want to buy, because personal mobility and transport is a person in the world,” he said. “The automotive industry is pivot in a penny that cannot do well.”

Lau argued that a digital tariff could be “anxiety”, but after hitting 10% or more, additional costs can really start to margin or products.

Ford Motor Last week, Director General Jim Farley, Trump claimed to carry out tariffs affecting the automotive industry Take a look “thorough” Even in the field of play in North America in all countries.

Farley, every year revealed Toyota and Hyundai to import hundreds of thousands of vehicles from Japan and South Korea.

“There are millions of vehicles that are not applied to this (growing tariffs) in our country,” said Farley, during the summer of the company’s fourth quarterly income year with investors. “So we will have a tariff policy … you are better to have comprehensive for industry.

“We just can’t get a place or the other because this is a bonanza for our imports.”

The White House did not respond to a comment on potential tariffs in South Korea.

Trump on Thursday The President has signed a memorandum Foreign nations did not provide a plan to apply the “mutual tariffs”, but the countries could not be targeted.

As a candidate for president, Trump, all the possibility of application of wooden tariffs in all US imports. However, he is also a supporter to accept that he called on Congress “Trump mutual trade law,“It allows him to punch tariffs to the goods of any country with higher fares of the goods made.

– CNBC’s Kevin Breuninger contributed to this report.