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Simply four months ago, Hyundai Motor was celebrating a key achievement — the introduction of a new line of luxury automobiles bought underneath the title Genesis. Mr. Fields also endorsed professional development” tax and regulatory policies expected under the Trump administration and a Republican Congress. The No. 2 U.S. carmaker was one of the firms that Trump singled out during his campaign for sending manufacturing to Mexico.automaker

Final yr, the automaker additionally benefited from the $395 million sale of its stake in Suzuki Motors. In doing so, Trump has already inserted himself into company affairs more than his predecessors within the White Home, specialists say. President Trump can’t place tariffs on companies or groups of corporations with out congressional approval, mentioned Gary Hufbauer, a senior fellow at the nonpartisan Peterson Institute for International Economics.

Naturally, it would not make an entire lot of sense if Jaguar Land Rover vehicles abruptly …