The Korea Automobile & Mobility Association (KAIA) said in a statement Monday that the industry is increasingly uneasy after reports that the U.S. government is considering raising tariffs on major items, including automobiles, from 15% back to 25%. KAIA said the move is being discussed because of delays in passing the special act and other factors, despite a bilateral agreement reached in November last year.
KAIA said the possibility of higher tariffs is “amplifying uncertainty” across the auto industry’s investment and export environment, and it expressed “serious concern.”
As the shift to future mobility accelerates, KAIA said, companies need a predictable and stable business environment to support large-scale investment aimed at securing global leadership. It warned that prolonged uncertainty over potential tariff hikes would weaken companies’ willingness to invest and could erode competitiveness across the broader industrial ecosystem.
KAIA called for swift passage of the special act so companies can reduce external risks and continue investment and exports in a stable environment.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.