President Trump may shortly receive the results of the section 232, national security, review of the automotive sector. On the one hand the timing is a surprise given trade talks with the EU and Japan – who have a temporary exemption – are still underway. On the other near-term action may be designed to preempt any moves by the new Congress to change the section 232 rules. There’s already signs of imports of parts accelerating, with a growth of 15.2% in October vs. a year earlier to reach a record high excluding Canada and Mexico. Hyundai’s imports, led by shipments from South Korea, ...