Hyundai announced a $21 billion investment in the U.S. as Trump prepares new tariffs, according to CNBC. The investments include a nearly $6 billion steel plant in Louisiana, which will support Hyundai’s factories in Alabama and Georgia and create over 1,000 jobs. Hyundai plans to grow U.S. vehicle production and invest billions in technologies like autonomous driving and AI. Trump hailed the investment as proof that tariffs “very strongly work” and warned of further tariffs. The South Korean automaker said its three U.S. plants will be able to produce one million vehicles annually once fully operational.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Hyundai announced a $21 billion investment in the U.S. as Trump prepares new tariffs,
00:06according to CNBC. Investments include a nearly $6 billion steel plant in Louisiana,
00:11which will support Hyundai's factories in Alabama and Georgia and create over 1,000 jobs.
00:16Hyundai plans to grow U.S. vehicle production and invest billions in technologies like autonomous
00:20driving and AI. Trump hailed the investment as proof that tariffs very strongly work
00:25and warned of further tariffs. South Korean automaker said its three U.S. plants
00:29will have the capacity to produce one million vehicles annually once fully operational.