South Korean conglomerate Hyundai is the latest Asian business to promise more U.S. investment, as President Donald Trump threatens a wide array of new tariffs to bring manufacturing back to the U.S.
Hyundai announced it will invest $21 billion in American manufacturing, including a $5.8 billion steel plant in the state of Louisiana. The plant will create nearly 1,500 jobs and produce 2.7 million metric tons of steel a year, likely for Hyundai’s existing U.S. supply chain.
