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Trump's auto tariffs to cover more than $460 billion of US vehicle, parts imports

  • U.S. President Donald Trump's 25 percent tariffs on imported cars took effect, impacting the South Korean automotive industry significantly as the U.S. Is a key market for their exports.
  • Hyundai Motor Group plans to invest $21 billion in the United States by 2028 amid the new tariffs, which may raise vehicle prices by an average of $5,300.
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New and used car prices set to rise due to Trump tariffs: experts

Experts say U.S. tariffs on Canadian auto imports will drive prices higher for both new and used cars.

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  • 40% of the sources are Center
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IER broke the news in on Wednesday, April 2, 2025.
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