Trump Eases Tariffs on Hyundai After Company Unveils Big Increase in Investment in America
Hyundai plans to make still more of the vehicles it sells in America in its own American plants, and to produce in this country the steel that goes into many of the 2,000 parts in every vehicle.
SEOUL — The mighty Hyundai empire, ranked third worldwide last year in numbers of vehicles sold, has what may be the best answer to President Trump’s edict increasing tariffs on imported vehicles by up to 25 percent on April 1.
Why not make still more of the vehicles we sell in America in our own American plants, Hyundai says, and how about producing the steel that goes into many of the 2,000 parts in every vehicle? That’s the company’s response to Mr. Trump’s drive to rectify America’s trade deficit of $773.4 billion last year, and Mr. Trump sees the Hyundai commitment as evidence of the impact and success of what he’s doing about it.
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