Hyundai announced a substantial $20 billion investment in the United States, including the establishment of a $5 billion steel plant in Louisiana, expected to generate around 1,500 jobs. At the White House event, President Trump and Hyundai's Chairman Euisun Chung highlighted the investment as evidence of the effectiveness of tariffs. The event follows similar announcements from other companies like Johnson & Johnson, which plans to invest over $55 billion in the U.S., underscoring a growing trend of foreign companies boosting their presence in the American market through job creation and new facilities.
This investment is a clear demonstration that tariffs very strongly work.
Our increased U.S. investment begins with the ground-breaking of a high-tech facility in North Carolina that will not only add U.S.-based jobs but manufacture cutting-edge medicines to treat patients in America and around the world.
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