Hyundai May Close Alabama Factory as a Result of President Trump's Possible Auto Tariffs
Hyundai Motor Company says they will have to consider closing their factory in Alabama if President Donald Trump goes through with imposing 25% auto tariffs. The Alabama Hyundai factory opened up in May of 2005 and employees about 20,000 people.
The U.S. Department of Commerce is investigating whether auto imports pose enough national security threats to justify tariffs. Although the union says they expect South Korea to win the exemption from the auto tariffs, there are concerns that President Trump will deliver on the threat to tariff as he did with China.