“Changes to the existing tariff structure could negatively impact our current US production and further expansion,” Hyundai spokesman Jim Trainor said in an e-mail. Hyundai’s comments go a step further than Toyota Motor Corp and Ford Motor Co, which have cautioned that the tariffs would make vehicles costlier while stopping short of saying that the levies could impact production plans. The South Korean automaker builds Sonata and Elantra sedans and Santa Fe Sport crossovers at a plant in Alabama. The automaker sources its steel and aluminum extensively from US suppliers, he said. Meanwhile, Swedish home appliance maker Electrolux AB on Friday said it would suspend its investment in the US following the tariffs announcement.

Source: Taipei Times March 03, 2018 15:56 UTC