ULSAN, South Korea — Lee Jae-wook was waiting for a traffic signal in front of a Hyundai Motor factory in Ulsan for an afternoon shift. The veteran assembly line worker enjoys a thick paycheck, but recently he has been fretting about a new concern: U.S. President Donald Trump’s 25% tariff on foreign-made vehicles.
“I’m worried that [the tariffs] could reduce my workload,” Lee said, as overtime pay accounts for a big portion of his wages. Ulsan, a port city in southeastern South Korea, is an industrial hub where major manufacturers operate factories.
