Shares of South Korean automakers Hyundai Motor (OTC: HYMTF) and Kia Corp declined on Thursday following U.S. President Donald Trumps announcement of a 15% tariff on imports from South Korea, including automobiles,

Shares of South Korean automakers Hyundai Motor and Kia Corp fell on Thursday after U.S. President Donald Trump said the U.S. will charge a 15% tariff on imports from South Korea, including autos, as part of a trade deal.

The agreement that Japan secured has added pressure on South Korea to defuse the threat of high tariffs on its exports to the United States.