Hyundai Motor is making a substantial $21 billion investment to expand its manufacturing presence in the United States, emphasizing job creation under President Trump’s tariff policies. The plan includes a $5.8 billion steel factory in Louisiana set to employ 1,300 workers and other projects to support Hyundai’s local factories. Trump highlighted this investment as further proof of the effectiveness of tariffs, aiming to improve economic conditions and potentially lessen future tariffs on South Korean goods. Hyundai’s existing projects in Georgia focus on electric vehicle production and battery manufacturing, showcasing an evolving automotive landscape.
President Trump claimed that Hyundai's $21 billion investment in the U.S. is proof that his tariff policies are creating jobs in the American manufacturing sector.
Hyundai’s investment will bolster local economies, employing 1,300 personnel in a new steel factory in Louisiana and facilitating the production of electric vehicles.
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