Hyundai Motor President José Muñoz has drawn a line, stating that the company has no plans to raise car prices in the U.S. in response to President Donald Trump's 25% tariff on imported vehicles. Muñoz made this statement during a media day event at the 2025 Seoul Mobility Show in South Korea.

Hyundai vowed to not raise prices for two months as part of a consumer promotion, the latest automaker to launch a tariff-related marketing campaign. The Korean automaker said it won’t raise its manufacturer's suggested retail prices through June 2,

President Donald Trump’s 25 percent tariffs on all auto-related imports have been called “a debacle of epic proportions” and a sure-fire way to tank the auto market by crushing demand. Analysts have been predicting everything from $12,000 per vehicle price hikes to the possible “Cubanization” of the US car fleet.

The Trump administration’s 25% tariffs on imported cars and auto parts is expected to disrupt the auto industry and raise car prices by thousands of dollars. And electric vehicles are at particular risk.

Shoppers already facing high prices, high interest rates and high insurance premiums are in for another sticker shock as President Donald Trump’s tariffs on vehicle imports and car parts take effect.

As part of this move, he announced 26% reciprocal tariffs on India. The BBC's Nikhil Inamdar explains what this means for Delhi. Note: While President Trump said 26% in the press conference, the official order says 27%.