Trump hints at hiking auto tariff higher as White House doubles down on key campaign pledges

U.S. President Donald Trump on Thursday hinted at a further hike in tariffs on foreign automobiles and expanded the 50 percent tariffs on steel and aluminum imports to include products containing steel, such as washing machines and refrigerators.

2025-06-13

Amid 'EV chasm,' carmakers seek survival in defense sector

As the global auto industry stumbles through a slower-than-expected shift to EVs and intensifying international competition, several major carmakers are finding a potential lifeline in an unlikely place: the arms sector.

2025-06-12

China's surplus EV offloads expected to intensify competition

Concerns are growing in Korea’s automotive industry over China’s push to offload its oversupplied electric vehicles (EV) at low prices, with competition expected to intensify particularly in emerging markets where China holds significant sway.

2025-06-10

'K-used car' export market hits all-time monthly sales high of $761.4 million but still faces challenges ahead

Korea's used car exports reached a record $761.4 million last month, driven by demand from Central Asia and the Middle East. However, increased competition and calls for regulation raise concerns about industry standards and smaller exporters' fates.

2025-05-24

Trump's trade barrier claims for automakers clash with Korea’s revised laws

U.S. President Donald Trump took aim at Korean regulations for foreign vehicles, labeling them "trade barriers." The only problem? They don't seem to bother the automakers.

2025-05-19

Hyundai Glovis turns to China for contracts on impending U.S. tariffs on car carriers

Hyundai Glovis is ramping up efforts to secure long-term shipping contracts with Chinese automakers in response to a new U.S. tariff set to take place in October that threatens to undercut its car carrier profitability.

2025-05-07

Korean companies search for solutions as Trump's 25% auto parts tariff goes into effect

As the 25 percent tariff imposed by U.S. President Donald Trump on foreign automobile parts officially went into effect on Saturday, Korean companies have begun scrambling to come up with solutions.

2025-05-05

Trump eases double tariff hit on cars, but Korean automakers still apprehensive

U.S. President Donald Trump moved to relieve imported autos and parts of duplicate tariffs, but Korean carmakers are still feeling out the environment.

2025-04-29

Trump to reduce impact of auto tariffs, U.S. Commerce secretary says

U.S. President Donald Trump's administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars.