Hyundai Motor Group has managed to sidestep the Trump administration’s tariff threats. All it cost was $21 billion. The South Korean conglomerate, known primarily for its cars, pledged on March 24 to allocate $9 billion to boost its US automobile production capacity to 1.

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.

Cox Automotive estimates that 25% tariffs will add $3,000 to the cost of a U.S.-made vehicle and $6,000 to vehicles made in Canada or Mexico.