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US Import Ban Blocks Canadian Alcohol, Motorcycles

A US import ban on a select number of Canadian products is in effect, marking the latest salvo in the rising trade conflict between the two countries. Brendan Murray has the details on Bloomberg Television. (Source: Bloomberg)

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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More in Business

EU Pushes 70% Local EV Parts Rule: What's Impact on Hyundai Motor Group?

As the European Union (EU) pushes forward with a bill that favors electric vehicles produced within the region, the calculations of the South Korean automotive industry have become complex.While…

  • EU proposes 70% local EV parts rule in Industrial Acceleration Act (IAA).
  • Hyundai Motor Group has European plants in Czech Republic and Slovakia for compliance.
  • Meeting 70% local component requirement poses challenges with core parts procurement.

Hyundai, Kia Shift U.S. Tariff Burden to Parts Makers

As Hyundai Motor and Kia’s cash reserves shrink rapidly in the aftermath of the U.S. tariff bomb, analysis has emerged that the tariff burden previously absorbed by the automakers could be transferred…

  • Hyundai and Kia shift U.S. tariff burden to domestic auto parts suppliers.
  • Tariff costs recognized by automakers in 2023 amounted to 10 trillion won.
  • Domestic auto parts industry faces concentration risk due to Hyundai's market dominance.

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