The 2021 Chevrolet Trailblazer is considered one of a handful of autos to be exported from South Korea to the U.S. by Basic Motors in 2020.
Because the Trump administration weighs a plan to extend tariffs on European-made autos and continues unprecedented commerce negotiations with China, a protected haven for automakers to import autos to the U.S. tariff-free is South Korea.
It is a state of affairs that is unlikely to alter anytime quickly as President Donald Trump renegotiated a commerce take care of the nation in 2018. That accord was touted for enhancing automobile imports to South Korea, nevertheless it did little to handle automobile exports to the U.S., that are anticipated to hit a brand new document this 12 months.
South Korean-made autos are forecast to account for about 5.5%, or 923,000, of U.S. automobile gross sales this 12 months, in line with LMC Automotive. That is up from 4.5% final 12 months and comparable with European-made autos at about 7%.
“You’ve got bought some first rate numbers coming in volume-wise,” stated Jeff Schuster, president of the…