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Hyundai, Kia face $5 billion hit from US-Korea auto tariff deal

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Hyundai Motor Co. and affiliate Kia Corp. could face as much as $5 billion in additional costs this year under a new trade agreement between the US and South Korea that imposes a 15% import tariff on automobiles. While the South Korean auto industry avoided a worst-case 25% levy, the new duties are equivalent to […]



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