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South Korean auto workers blast revised trade deal with US

South Korean auto workers blast revised trade deal with US | iNFOnews.ca
In this March 26, 2018, photo, South Korean Trade Minister Kim Hyun-chong listens to a reporter's question during a briefing at Foreign Ministry in Seoul, South Korea. Unions at South Korea's two-largest automakers, Hyundai Motor and Kia Motors, say plans to revise a free trade deal with the United States involve concessions that will prevent local automakers from entering the fast-growing U.S. pick-up truck market. (AP Photo/Lee Jin-man)

SEOUL, Korea, Republic Of – Unions at South Korea’s two-largest automakers, Hyundai Motor and Kia Motors, say plans to revise a free trade deal with the United States involve concessions that will prevent local automakers from entering the fast-growing U.S. pick-up truck market.

Hyundai’s labour union said Tuesday that South Korea’s government gave in to U.S. President Donald Trump at a time when the American market represents big opportunities. Kia’s labour union said it shares that view.

Hyundai said in a statement that it hoped the two governments would work together to defuse trade tensions.

South Korea and the U.S. agreed to push back the earlier agreed-to elimination of import tariffs on pick-up trucks by 20 years to 2041.

Hyundai has not yet begun commercial manufacturing of pick-ups but plans to in the future.

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Abbey Westbury

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