South Korea-based Hyundai has announced a $ 20 billion investment in the United States, CNBC reported.
President Donald Trump announced Monday White House Hyundai President Euizun Chung and Louisiana Gov. Along with Jeff Landry.
Investment, $ 5 billion in a $ 5 billion steel plant in Louisiana, construction of a $ 5 billion steel plant expected to be added to 1,500 jobs.
Related: SoftBank CEO Masayoshi oglu announced an investment of $ 100 billion in the United States
This is the latest in the US Investment Ads.
“Pour money” Trump said At the event. “This investment is a clear demonstration that tariffs work very strongly.”
Axios recently reported This Hyundai Motor CEO José Muñoz said the company’s best way to “walk tariffs” is “enhancing localization”.
Meanwhile Johnson & Johnson (J & J) Announced on Friday Over the four years, the United States will invest more than $ 55 billion in the United States, 25% increase in investments compared to four years ago.
Related: What is Stargate? Openai, Oracle, SoftBank and President Trump team are team 500B AI infrastructure initiative.
“Our growing US investment begins only in the United States and the foundation of a high-tech unit in North Carolina, which is not adding us to us in the United States and anywhere in the world.
Moreover, last month, Eli Lilly and Co., an opponent J & J, announced that it intends to build Four New Factory In the United States and engineers, scientists, scientists, operational staff and laboratory experts bring 10,000 construction work along with 3,000 jobs.
