[Featured Stock] Hyundai Motor strengthens on US announcement of 'increase in tariffs on European cars' (Comprehensive)

[Featured Stock] Hyundai Motor strengthens on US announcement of 'increase in tariffs on European cars' (Comprehensive)

Hyundai Motor [005380] stock price rose on the 4th due to expectations of a ripple effect from the US announcement of an increase in tariffs on European cars.

According to the Korea Exchange, Hyundai Motor closed at 539,000 won today, up 1.51% from the previous trading day.

This is interpreted as the effect of US President Donald Trump recently announcing that he would raise tariffs on European cars from the current 15% to 25%.

President Trump wrote on social media Truth Social on the 1st (local time), "Based on the fact that the EU (European Union) is not adhering to the trade agreement we fully agreed upon, I am pleased to announce that I will be increasing tariffs on passenger cars and trucks coming into the United States next week, which are imposed on the EU."

Regarding this, Kim Chang-ho, a researcher at Korea Investment & Securities, stated that the current tariff rate on Korean cars is 15%, and evaluated, "While the absolute proportion of European products is not high, making it difficult to expect a rapid increase in demand for Korean cars, it is positive in terms of strengthening price competitiveness."

He added that European cars exported to the US have a high proportion of luxury brands, saying, "This could be an opportunity to enhance price competitiveness, especially for luxury brands like (Hyundai Motor's) Genesis," and "High-profit, high-priced models such as Palisade and Telluride are also highly likely to benefit from the increase in tariffs on European products."