Hyundai Shares Plunge as Trump Threatens South Korea Tariff Hike
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CNBC TV18•27-01-2026, 06:41
Hyundai Shares Plunge as Trump Threatens South Korea Tariff Hike
- •Hyundai shares dropped over 4% after Trump threatened to raise tariffs on South Korean auto and pharmaceutical industries.
- •The US president plans to increase tariff rates from 15% to 25% due to delays in South Korea's legislature approving a trade deal.
- •The proposed tariffs impact the auto, pharmaceutical, and lumber-producing sectors.
- •Hyundai, the largest importer of Korean vehicles to the US, saw its shares trading with a deficit of over 2.5% after an initial plunge.
- •Subsidiaries Kia and Hyundai Mobis also experienced significant share price drops.
Why It Matters: Trump's tariff threat on South Korean industries caused a significant drop in Hyundai and related companies' shares.
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