Hyundai and Kia Dealers Beg Trump to Get Rid of Punitive Tariffs
Troy Young, July 9, 2018, 8:26 a.m.
Hyundai and Kia dealers in the U.S. as well as Korean car parts makers sent a letter to the U.S. government begging it to scrap plans for punitive tariffs on imported cars. The U.S. government on Sunday said 26 primary Hyundai and Kia dealers and parts makers said they "contribute to creating jobs" in the U.S. by employing 11,818 American workers.
They added that there are 47,000 Hyundai and 38,000 Kia dealers in the U.S., and imposing hefty tariffs would threaten American jobs. They said the livelihood of tens of thousands of U.S. employees depends on whether cars and parts can be imported without restrictions.
LG Electronics, which is building up its automotive electronics business, in a separate letter to the U.S. Department of Commerce opposed high tariffs on Korean cars and parts and asked an exemption for parts that cannot be manufactured in sufficient quantity in America.
Last month, Hyundai and Kia sent a letter to the U.S. government saying they currently employ around 50,000 American workers and another 85,000 people work in dealerships. "If tariffs are imposed, tens of billions of dollars in U.S. investments we are planning could face considerable complications," the automakers said.