How Would New U.S. Auto Tariffs Impact Hyundai and Kia?
The Trump Administration is once again considering using Section 232 to impose tariffs on imported goods based on a threat to national security. The President originally used this provision to add tariffs on steel and aluminum imports, and his administration is now considering whether to allow tariffs on auto imports as well.
To learn more about Section 232 and how it would impact not only car manufacturers, but also local dealers, and even the American consumer, Korean Kontext host Jenna Gibson sat down with representatives from Korean automakers Hyundai and Kia. David Kim, Vice President of Government Affairs at Hyundai Motor Company's Washington Office, and Christopher Wenk, Vice Oresident of Government Affairs at Kia Motors Corportation's Washington Office, discussed the background of 232, how it would impact their operations in the United States, and why it could have adverse effects on every part of the auto industry.