SEOUL, South Korea — Hyundai Motor Co.’s labor union says steep auto tariffs could cost U.S. jobs.
The labor union at South Korea’s largest auto company says if President Donald Trump goes ahead with imposing 25 percent auto tariffs, it will hurt Hyundai’s U.S. sales and jeopardize some 200,000 jobs at Hyundai factory in Alabama.
The union also says South Korean carmakers were already penalized during the renegotiations of the bilateral trade agreement. Seoul and Washington agreed to postpone the removal of tariffs on Korean pickup trucks by another 20 years.
The U.S. Department of Commerce is investigating whether auto imports pose enough national security threats to justify tariffs. The European Union warned auto tariffs could lead to global retaliation.
Hyundai Motor is the world’s fifth-largest automaker along with Kia Motors.
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.