Automaker Hyundai may set up a new U.S. factory to produce light trucks, meeting expanding demand and growing tariff risks. While Hyundai’s total U.S. sales fell 7% in the three months to February 28, its light truck sales climbed 20%. With regard to U.S.-bound exports the risk of higher duties been cut by the provisional KORUS agreement, though parts sourcing may bcome be a problem. NAFTA rules of origin may make it cheaper to produce parts in the U.S. or Mexico. In the past 12 months Hyundai’s imports of components to the U.S. by sea climbed 6% on a year earlier. Of those 42% came from...