[Special Report] Trump Indicates Auto Tariff Suspension... Korean Auto Stocks on the Rise

U.S. President Donald Trump hinted at a tariff exemption on the automotive industry, leading to a rise in domestic automobile-related stocks.

As of 9:15 a.m. on the 15th, Hyundai Motor Company recorded 183,950 KRW, up 4,650 KRW (2.59%) from the previous trading day. Kia is trading at 85,300 KRW, up 2.77%. Hyundai Wia (3.66%), HL Mando (3.54%), Hyundai Mobis (3.40%), and Hanon Systems (2.26%) are also showing a collective upward trend.

On the 14th (local time), President Trump said regarding a temporary tariff exemption, "We are considering something to help some automobile companies."

During a meeting with Nayib Bukele, President of El Salvador, in the White House Oval Office, when asked if there are specific items under consideration for a temporary tariff exemption, he stated, "(Automobile companies) are shifting production to make parts here that were previously produced in Canada and Mexico," adding, "However, they need a little more time."

Earlier, the Trump administration imposed a 25% tariff on automobiles starting from the 3rd. Tariffs on key automotive parts such as engines, transmissions, and powertrains are scheduled to take effect before the 3rd of next month.

This content was produced with the assistance of AI translation services.