Korean Tire Producers Face Crisis with High U.S. Tariffs on Export Base Countries

Korean Tire Producers Face Crisis with High U.S. Tariffs on Export Base Countries

A view of Hankook Tire's Tennessee plant in the U.S. (Photo provided by Hankook Tire) U.S. President Donald Trump's decision to impose hefty tariffs on major ASEAN countries has impacted domestic tire companies. Kumho Tire has been exporting tires produced in Vietnam, and Hankook Tire from Indonesia, to the U.S., achieving record performance. However, with high tariffs looming, both companies are establishing emergency measures such as expanding…