Trump's tariff plans raise concerns for Asian firms investing in US

Donald Trump is campaigning on a promise to impose steep tariffs, which he believes will encourage manufacturers to move factories to the U.S. This raises concerns for Asian companies that have invested heavily in the U.S. under Biden's tax incentives. Major firms like Toyota, Hyundai, and Samsung have announced over $110 billion in new investments in the U.S. since 2021. However, uncertainty about Trump's potential return to power could threaten these plans, especially if he rolls back Biden's industrial policies. South Korean companies, particularly in the electric vehicle sector, are wary of the impact of a Trump administration on their investments. Many manufacturers expect increased trade barriers and geopolitical tensions, which could lead to a slowdown in new investment decisions.