Hyundai Chief Warns of Potential U.S. Tariffs on Korean-Made Cars, Urges Seoul to Fast-Track $350 Billion Investment Bill

Hyundai Motor President Kim Sung-ryong recently warned that the United States could still intensify tariff pressure on South Korea's auto industry, despite setbacks the Trump administration has faced in related legal proceedings. He urged the South Korean government to swiftly pass a $350 billion investment bill aimed at fulfilling commitments made under last year’s U.S.-South Korea trade agreement. Under that deal, the U.S. agreed to reduce tariffs on South Korean automobiles from 25% to 15%. Kim made these remarks during a meeting with opposition lawmakers and officials from business associations, where discussions focused on advancing the investment plan.