SEOUL, Feb 24 (Reuters) – Hyundai Motor President Sung Kim on Tuesday urged South Korea to swiftly pass legislation for a $350 billion U.S. investment package, cautioning the Trump administration may escalate tariff pressure on sectors such as autos despite its legal setback. Kim made the comments at a meeting with opposition lawmakers and business association officials to discuss the investment package which forms part of a U.S. trade deal agreed last year, which would see Washington lowering tariffs from 25% to 15%.
U.S. President Donald Trump has threatened higher tariffs on goods from countries that
South Korea’s Hyundai Motor warns US tariff pressure may intensify despite Supreme Court ruling
