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Economy

Trump's auto tariff plan threatens GM's $7 billion South Korea rescue

Updated : May 30, 2018 01:07 PM IST

Earlier this month GM agreed on the bailout package with the South Korean government in return for a pledge to stay in the country for at least 10 years, purchase more Korean-made parts and produce two new models popular in the US market.
Trump administration launched a national security investigation into car and component imports that could lead to new US tariffs similar to those imposed on imported steel and aluminum in March.
Trump's auto tariff plan threatens GM's $7 billion South Korea rescue

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