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Korean auto execs say 232 tariffs could impact U.S. investment plans

August 09, 2018 at 1:25 PM
If the U.S. imposes Section 232 tariffs on imports of autos and auto parts from Seoul, Kia and Hyundai plans to invest billions in the companies' U.S. facilities will have to be reassessed, company executives said this week. “We are planning to invest $2.5 billion to upgrade our facilities between now and 2021, but if tariffs take effect, all of that would have to be re-evaluated,” David Kim, vice president of government affairs for Hyundai Motor Company, said during an...

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