Economy Country 2025-11-01T13:08:07+00:00

U.S. Tariffs Cost Hyundai Motor $1.3 Billion

Hyundai Motor reported substantial financial losses due to U.S. customs tariffs in the third quarter, amounting to 1.8 trillion won ($1.3 billion).


U.S. Tariffs Cost Hyundai Motor $1.3 Billion

Hyundai Motor stated that U.S. customs duties cost the company approximately 1.8 trillion won ($1.3 billion) in the third quarter. This figure highlights the substantial financial impact of trade tariffs. The company is actively working to mitigate the effects of these trade barriers.