SEOUL -- Hyundai Motor's operating profit fell by 15.8% in the second quarter as a U.S.-imposed 25% tariff on autos weighed on South Korea's biggest vehicle maker.
Automobiles
Hyundai Motor profit falls 16% in Q2 on Trump tariffs
South Korean automaker cites 'global trade environment' as headwind
The earnings announcement comes one day after the U.S. and Japan agreed to reduce tariffs on Japanese autos to 15%, potentially hurting Hyundai's price competitiveness in the U.S. market. © Reuters
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