South Korea plans emergency response over US tariffs on autos

"Global uncertainties are growing but South Korean auto companies will not be fighting alone," Ahn said. The government will consider financial assistance, investment support, and help with market diversification, Ahn said.
Parts suppliers are expected to be hit particularly hard, the minister said.
Trump unveiled a 25% tariff on imported vehicles, prompting criticism and threats of retaliation from countries affected by the move.
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Hyundai together with affiliate Kia is the world's third-largest automaker by sales.
In 2024,
(Reporting by Jack KimEditing by
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