Hyundai Motor Group under mounting strain from delay in tariff cut

Hyundai Motor Group under mounting strain from delay in tariff cut

Hyundai Motor Group faces a mounting earnings strain amid Korea’s lingering discord with the United States over when to implement their recently agreed-upon 15 percent auto tariff. The delay adds to the growing financial burden of the Korean carmaker, as it is still subject to a 25 percent tariff on cars exported to the U.S. Later last month during a summit between President Lee Jae Myung and U.S. President Donald Trump, both countries reached a…