Reuters (July 15)
2025/ 07/ 17 by jd in Global News
“Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers.” With the outlook “upended” by Trump’s tariffs, the U.S. still “remains by far the most important market for Japan’s Toyota, South Korea’s Hyundai and Asian rivals including Honda and Nissan. North America accounts for at least 40% of the revenue at both Toyota and Hyundai.”
Tags: Car markets, Honda, Hyundai, Japan, Legacy automakers, Nissan, Outlook, Protectionism, South Korea, Tariffs, Toyota, Trump, U.S., Upended
