Hyundai to Announce $20 Billion Investment in the U.S.

Hyundai has announced a $20 billion investment in the U.S., which includes a $5.8 billion steel plant in Louisiana expected to create over 1,400 jobs. The announcement took place at the White House, involving President Donald Trump and Hyundai Chairman Euisun Chung. Hyundai's CEO José Muñoz emphasized that this investment signifies the company's commitment to the U.S. market and represents a significant decision to invest in America. President Trump stated that Hyundai's investment showcases the effectiveness of tariffs in promoting domestic manufacturing.