Hyundai Motor Group announced its financial results for the fourth quarter and full year on Thursday, disclosing that its operating profit for the last quarter fell 40% compared to the same period last year. Between September and December, the South Korean automaker reported a 1.7 trillion KRW ($1.2 billion) operating profit, down 39.9% year over year. It was the third consecutive decline in quarterly profit for Hyundai. Annual operating profit also dropped by 20%, with a 6.2% margin, with the company citing “global trade uncertainties.”The company exceeded its annual revenue guidance, achieving 6.3% growth compared to the 5–6% target. However, earlier this week US President Donald Trump threatened to return South Korean tariffs to the initial rate, stating that the country had not lived up to its part in the trade deal.