A HyundaiAnd its headquarters in South Korea, announced on Monday (24) a Investing 20 billion US dollars In the use of external sources in USAAnd that includes a 5.8 billion dollars in LouisianaThe White House confirmed CNN International.
The investment was announced this afternoon at the White House by President Donald Trump. Euisun Chung president; And the ruler of Louisiana, Jeff Landre.
“More investments, more jobs and more money in workers’ pockets – all thanks to President Trump’s economic policies, “wrote the White House press secretary Caroline Levit on social networks.
Parallel to investment, the US President said that Hyundai would not have to pay prices. According to the Republic, the attack must create more than 1,400 jobs.
Trump has already released 25 % of customs duties on steel and aluminum importsBesides Cars taxes in Asia and Europe You should enter into force next month.
The goal is to manufacture more cars in the United States. Trump said the Hyundai steel factory will produce 2.7 million metric tons annually. Regarding the production of cars, Euisun Chung said it should exceed one million units per year.
Expand American manufacturing production, however, It is not so simple.
For example, Stelantis, which manufactures cars in North America under a pocket, Ram, Dodge and Chrysler Brands, agreed to reopen a closed unit in Illinois as part of an agreement to end one end Greve de 2023 do united auto workers.
She referred to these reopening plans again in January, shortly after Trump took office to ensure increased US cars production. But this factory will not be reopened until 2027.
Despite Trump’s argument that the tariff threats are needed to “save” the American auto industry, American factories are already producing most of the US cars production.
According to the S&G Global Mobility data, there were 10.2 million cars based on American assembly factories last year, compared to 4 million Mexican factories and 1.3 million in Canada.
There are about a million workers in American factories that produce cars, trucks and spare parts.
*With information from Reuters
