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Hyundai Motor CEO warns of Chinese vehicle surge in the US without guardrails
Hyundai Motor chief executive Jose Munoz warned that the United States could soon experience a surge of low‑priced Chinese vehicle imports similar to the disruption seen in Europe, unless Washington maintains tariffs and other market‑access safeguards. He noted Chinese cars are 30‑40 % cheaper than rivals in markets such as Italy, Spain and France, where EU duties and minimum‑pricing rules have been imposed to counter perceived unfair subsidies. In the EU, Chinese‑branded cars accounted for over 9 % of sales [...]