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.
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).