Trump Threatens South Korea, Japan Tariffs

This is a Japan news story, published by CNBC, that relates primarily to Jim Farley news.

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potential tariffs

CNBC

•

Technology

As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

Summary

Nutrition label

85% Informative

The East Asia countries produced a combined 16.8% of vehicles sold last year in the U.S. Cars imported from South Korea currently have no tariffs, while those imported from Japan are subject to 2.5% duties.

South Korea overtook Japan and Canada last year to become the second -largest exporter of new cars to the US .

Japan 's percentage of sales has actually decreased in recent years , while South Korea's exports have continued to rise.

Ford Motor CEO Jim Farley : Tariffs should be "comprehensive" for the automotive industry.

Lau: "The car industry can adjust to anything. Really, it can. It's always going to make product that customers want to buy" It's unclear whether South Korea and Japan will be included in potential tariffs.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful