Hyundai unveils $21bn US investment as Trump tariffs loom
- South Korean automaker Hyundai will invest $5.8 billion to build a steel mill in Louisiana, which will create an estimated 1,300 direct jobs and begin construction in late 2026.
- President Donald Trump stated that the investment is part of Hyundai's broader $21 billion expansion in the U.S.
- Hyundai's new facility will be its first steel mill in the United States, producing over 2.7 million metric tons of steel annually.
- Governor Jeff Landry remarked that the announcement marks a shift from offshoring jobs to onshoring in the U.S.
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304 Articles
304 Articles
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Left
27
Center
70
Right
49
Coverage Details
Total News Sources304
Leaning Left27Leaning Right49Center70Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 18%
C 48%
R 34%
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