Japanese and Korean Automakers to Increase U.S. Production

This is exactly the behavior Trump has been trying to create with his tariff policy. Would these automakers have increased sales of U.S. made cars and even import them to Japan without Trump’s pressure?:

Workers are seen assembling an Ioniq 5 vehicle at the Hyundai Motor Group Metaplant America in Ellabell, Georgia on March 27. [HYUNDAI MOTOR]

Toyota’s decision to resume sales of the Camry through reimporting comes two years after halting its domestic sales and is seen as an effort to improve trade relations with the United States. Trump has repeatedly expressed dissatisfaction with Japan’s trade surplus with the United States. 
  
Toyota Chairman Akio Toyoda announced a $10 billion investment plan in the United States last month and appeared at a car event wearing a red MAGA hat, signaling his continued outreach to the United States.

Honda and Nissan are also reportedly considering reimporting U.S.-built models. Honda may bring in its Ridgeline pickup truck, Passport SUV and some Acura-branded electric vehicle models, according to Japanese business daily Nikkei. Nissan is weighing reimports of its Altima midsize sedan, Murano SUV and Pathfinder SUV. 
  
For Korean carmakers, reimporting U.S.-made vehicles is less viable due to high labor costs, added logistics expenses and unfavorable currency exchange rates. Instead, they are focusing on ramping up production within the United States. 
  
Hyundai Motor Group aims to increase the local production share of vehicles sold in the U.S. market from the current 43 percent to 80 percent by 2030. It also plans to boost annual North American sales from 834,000 vehicles last year to 1.44 million by the end of the decade. 
  
In a recent interview with Automotive News, Hyundai COO Jose Muñoz said that the company’s goal is not only to raise local production to 80 percent but also to increase the share of local suppliers from 60 percent to 80 percent, outlining plans to target the midsize pickup truck, SUV and commercial vehicle segments — including electric vans and medium-duty trucks. 
  
Industry experts see Trump’s MAGA policy as a catalyst for a shift in global production strategies within the automotive sector.

Joong Ang Ilbo

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