A top U.S. executive with South Korea’s Hyundai Motor Co. said President Trump has “targeted” international car companies with tariff threats, showing little regard for whether those automakers build vehicles in the United States and employ Americans.
“The scary thing is there seems to be a lot of conversation around import-based companies and not even much realization that there’s a huge amount of vehicles produced here by international companies,” said Brian Smith, chief operating officer of Hyundai Motor America, which is based in Fountain Valley.
“The whole tariff conversation isn’t around, ‘Well, we’ll produce here in the United States and everything’s fine,’” Smith said. “It’s more about, the international companies seem to be being targeted.”
Smith was among 10 auto executives who met with the president in the White House last month to discuss issues including trade. Within weeks, the Commerce Department began investigating whether imported cars are threatening U.S. national security, and the Trump administration is said to be considering tariffs of as much as 25%.
Trump traveled to Canada on Friday for a Group of Seven meeting after having stoked trade tensions with U.S. allies.