Trump tariff cut on Japanese cars poses threat to Hyundai Motor, Kia

Trump tariff cut on Japanese cars poses threat to Hyundai Motor, Kia

U.S. President Donald Trump’s latest move to lower a tariff on Japanese auto imports is feared to weaken the price competitiveness of Hyundai Motor Group, which still faces a higher tariff burden in the world’s largest economy. According to the White House Thursday (local time), Trump signed an executive order to cut its tariff on imports of Japanese cars to 15 percent from the previous 27.5 percent. The tariff reduction will take effect seven d…