Hyundai has announced a historic $21 billion investment in the US aimed at mitigating potential tariffs from Donald Trump. The plan includes a $9 billion investment by 2028 to boost production and create 14,000 jobs, along with $6 billion to expand partnerships in advanced technologies. A new $5.8 billion steel plant in Louisiana will produce over 2.7 million tonnes of steel annually, providing essential support to auto plants in adjacent states. This investment reflects Hyundai's strategic response to trade pressures and reinforces its commitment to the American market and workforce.
Hyundai's substantial $21bn investment in the US signals a proactive approach to mitigate the impact of potential tariffs, aiming to enhance production and create jobs.
This investment includes a new $5.8bn steel plant in Louisiana, which will support both Hyundai's automotive production and American jobs, illustrating a significant commitment to US infrastructure.
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