Hyundai Motor CEO For Tackling Challenges Amid Trump Tariff Woes

Seoul: Jose Munoz, the chief executive officer (CEO) of Hyundai Motor, on Thursday highlighted growing trade tensions and protectionism as key challenges for the global automotive industry in 2025, urging strategic adaptability to maintain the company's growth momentum. Speaking at Hyundai Motor's annual general shareholders' meeting in Seoul, Munoz underscored how heightened geopolitical risks, economic uncertainties and fluctuating foreign exchange rates are impacting automakers worldwide, reports Yonhap news agency.

"The business environment in 2025 is expected to be even more challenging, with more geopolitical and trade uncertainties," Munoz said. "With growing volatility in foreign exchange rates and U.S. interest rates, we are confronting escalating trade tensions and protectionism." The remarks come as global automotive groups, including Hyundai Motor Group, are bracing for looming reciprocal and sectoral tariffs on their exports to the United States under President Donald Trump.