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From Hyundai, Kia to Tesla: here's how Trump's auto tariffs will hit carmakers

The article from Invezz discusses the potential impact of former President Donald Trump's proposed auto tariffs on various car manufacturers if he were to return to office. Trump has suggested imposing a 10% tariff on all imported goods and a 60% tariff specifically on Chinese-made cars. This would significantly affect companies like Hyundai and Kia, which import many vehicles from South Korea and China. Tesla, although primarily manufacturing in the U.S., could also be impacted due to its reliance on global supply chains and potential retaliatory tariffs from other countries. The article outlines how these tariffs could lead to higher prices for consumers, disrupt supply chains, and potentially trigger trade wars, affecting not just the carmakers but the broader automotive industry and economy. It also mentions that while some domestic manufacturers might benefit from reduced competition, the overall market dynamics could shift, potentially leading to job losses in sectors dependent on exports to the U.S.

Read the Full Invezz Article at:
[ https://invezz.com/news/2025/03/27/from-hyundai-kia-to-tesla-heres-how-trumps-auto-tariffs-will-hit-carmakers/ ]