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Trump wants new taxes for KIA and Hyundai in USA! KORUS and NAFTA 2018

Kia and Hyundai are now trembling because their exports to the US are vital for sales.

Trump wants new taxes for KIA and Hyundai in USA! KORUS and NAFTA 2018

Certainly the US trade deficit with South Korea has doubled compared to the 2012 signing of the US-Korea free trade agreement (KORUS). And almost 90 percent of the 2016 deficit (about 27.6 billion dollars) comes from the automotive sector.




So if Trump managed to keep the surcharge - which should be canceled in 2019 - he would take home his first commercial victory at a time when the NAFTA negotiations are dragging on for a long time without results and just when the pressures on China to change commercial practices do not seem to work.







Author: AL
Source: Autolatest

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trump nafta koreea, kia korus usa, sales kia usa, sales hyundai usa, new car tax kia usa, taxe kia in sua, korus hyundai 2018