GM also stated that "25%

Hyundai Motors, Toyota, BMW and other global automakers have all voiced negative views on the movement of the auto tariff imported by the United States. US administration Donald Trump. General Motors Corp. (GM), the largest automaker in the United States, has also criticized the Trump administration's imposition of a tariff on the US economy, has submitted a negative opinion to the Department Commerce by Submitting to the United States Department of Commerce a Written Statement on the Investigation into the Impact of the Import and Export Security Act,

Hyundai Underlined that US production costs will increase by 10% when import duties of 25% are imposed. Hyundai said in a statement, "If Hyundai is sold in the US, it will produce half of Hyundai's output and if the cost of production increases, the price of the vehicle will increase and sales will decline and profitability will deteriorate. Hyundai directly employs approximately 25,000 people in the United States and indirectly hires 47,000 people through agencies. Kia Motors also warned in its statement to the US Department of Commerce that production costs at the Georgia plant could increase by about 10 percent annually, which would result in a drop in sales and a decrease in jobs. BMW and Toyota also said that they are worried about the decline in US jobs and contraction in investment.

A leading foreign official, including the New York Times, reported that the US auto industry, which President Trump was trying to protect by taking customs cards, was focusing on import tariffs cars. According to the New York Times, GM said in its statement: "Automobile tariffs will have negative effects such as reduced investment, job cuts and lower wages." If car prices rise by several thousand dollars consumers who are unable to afford it are attracted to GM, which leads to reduced demand, which will eventually become a smaller GM. "GM, Ford and Mercedes-Benz, members of the Federation of Automobile Manufacturers ( 12 manufacturers), provide an average cost of $ 5,800 (about 6,460,000 won) for imported cars when the 25% tariff is imposed. He said the drop in auto production and retaliatory tariffs could yield 624,000 jobs.

Experts predict that the 232-point survey will be done at a rapid pace, unlike the steel tariff, which took more than 10 months. Trump recently said that he was going to finish the investigation in three or four weeks. An official from the national auto industry said: "It will be concluded immediately after the hearing of the Ministry of Commerce in the middle of the month."

"/>