Hyundai Faces Trump’s Tariffs: Resilience, Innovation, and the Road Ahead
Amidst the threat of crippling tariffs, the popular electric-vehicle company remains committed to its evolution.
On the campaign plug, when Donald Trump declared that tariffs were “the most horny note within the dictionary,” he promised to impose a 25% tax on all imports from Mexico and Canada, as effectively as an additional 10% on merchandise from China, as rapidly as he took administrative center.
This sounded alarms throughout the auto trade, as tariffs may possibly tremendously have an effect on automakers' bottom traces and substantially lengthen particular person costs.
Nonetheless though Trump’s January 20 Inauguration date is instant drawing near near, Hyundai Motors seems intent on conserving silent.
At the corporate’s annual New Year’s Handle on January 6, 2025, Hyundai Motor Neighborhood Govt Chair Euisun Chung reassured attendees that "there's not the kind of thing as a must be intimidated by uncertainties ahead,” because “without challenges, we risk turning into complacent, which gifts a bigger hazard.”
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