South Korea doesn't yet have a trade deal with the United States, meaning the trade war is in full swing against our allies on the Korean peninsula. This is a good way to do foreign policy. Anyway, our tariffs have hit Hyundai hard, and the worst is yet to come. From Reuters : Hyundai Motor posted a decline in second-quarter operating profit on Thursday as U.S. tariffs on vehicles and parts started to weigh on its bottom line and warned of a bigger impact in the current quarter. ... The South Korean automaker said it was sticking to its annual profit target for now, but it will update the plan after the August 1 deadline for reciprocal tariffs to take effect. It's a bit surprising to see that Hyundai is sticking to its 2025 profit targets, since many other automakers have entirely abandoned their predictions for the year. Does Hyundai know something the others don't, or is this just raw optimism?