South Korea's Hyundai says US car tariffs would harm security ties over North Korea | WHAT REALLY HAPPENED

South Korea's Hyundai says US car tariffs would harm security ties over North Korea

Hyundai Motor cautioned the U.S. administration that imposing up to 25 percent tariffs on imported vehicles from South Korea would hurt a security alliance between the two countries over North Korea's nuclear ambitions.

The tariffs would hike production costs at Hyundai's U.S. factory by about 10 percent and "jeopardize" its U.S. investment plan, the top South Korean automaker said, echoing sentiments of other global carmakers such as BMW.

The United States in May launched an investigation into whether imported vehicles pose a national security threat and President Donald Trump has repeatedly threatened to quickly impose tariffs.

The tariffs "would be devastating to Hyundai Motor," Hyundai said in comments to the U.S. Department of Commerce late on Friday, according to a post on a U.S. government website.

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