Hyundai Motor Co. warned it may rethink how many vehicles it builds in the U.S., joining the world’s largest automakers in speaking out against U.S. President Donald Trump’s crackdown on steel and aluminum imports.
“Changes to the existing tariff structure could negatively impact our current U.S. production and further expansion,” Jim Trainor, a Hyundai spokesman, said in an email. “Imposing tariffs on steel could increase production costs, which could lead to higher prices for U.S. consumers, and, potentially, decreased demand.”
