Business Business FILE PHOTO: American flags flutter outside a Hyundai automobile dealership in Irvine, California, U.S., March 27, 2025. REUTERS/Mike Blake/File Photo DETROIT : Hyundai warns US dealers of possible price hikes amid 25 per cent tariffs South Korean automaker Hyundai warned U.S. dealers it is evaluating its pricing strategy in the face of forthcoming 25 per cent tariffs on imported vehicles and parts announced by President Donald Trump. Randy Parker, chief executive officer of Hyundai and Genesis Motor North America, told dealers in a note that "current vehicle pricing is not guaranteed and may be subject to change for units wholesaled after April 2." Analysts expect automakers may be forced to significantly hike vehicle prices if the new tariffs remain in place for an extended period.   "Tariffs are not easy," Parker told dealers. Parker also said the automaker is "fortunate that we do not depend heavily on imports from Mexico and Canada. We have been sure footed in our U.S. investments." Get our pick of top stories and thought-provoking articles in your inbox Stay updated with notifications for breaking news and our best stories Get WhatsApp alerts Join our channel for the top reads for the day on your preferred chat app Copyright© Mediacorp 2025. Mediacorp Pte Ltd. All rights reserved. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be. To continue, upgrade to a supported browser or, for the finest experience, download the mobile app. Upgraded but still having issues? Contact us