Donald Trump's return to the White House next year could cut Hyundai Motor’s and Kia’s earnings before interest, taxes, depreciation, and amortization (Ebitda) by up to 19 percent, according to a report released Friday by S&P Global.

Both European and American companies are expected to lose out if President-elect Trump imposes duties on imported vehicles

Carmakers in the U.S. and Europe could lose up to 17 percent of their combined annual core profits in a worst-case scenario if the U.S. imposes steep tariffs on Europe and the key U.S. allies of Mexico and Canada,

A 25% tariff on Canadian and Mexican imports could drive up car prices, disrupt supply chains, and strain automakers already grappling with industry-wide challenges.