Korean automaker Hyundai and its smaller affiliate Kia may face a steep 19 percent decline in operating profitability if the US enacts a proposed 20 percent tariff on vehicles imported from South Korea,

Donald Trump's return to the White House next year could cut Hyundai Motor’s and Kia’s earnings before interest, taxes, depreciation, and amortization (Ebitda) by up to 19 percent, according to a report released Friday by S&P Global.

Both European and American companies are expected to lose out if President-elect Trump imposes duties on imported vehicles

Carmakers in the U.S. and Europe could lose up to 17 percent of their combined annual core profits in a worst-case scenario if the U.S. imposes steep tariffs on Europe and the key U.S. allies of Mexico and Canada,

A 25% tariff on Canadian and Mexican imports could drive up car prices, disrupt supply chains, and strain automakers already grappling with industry-wide challenges.