Article

2025-03-25 Economy

Trump announces $21 Billion investment into US from Hyundai, including new Louisiana steel mill

[THEPOSTMILLENNIAL] President Donald Trump

...Oh, noze! Not him!...
announced on Monday that Hyundai will be investing $5.8 billion to build a steel plant in Louisiana, as part of a larger $21 billion investment into the country in the next few years. This is the latest company to announce multi-billion-dollar investments into the country.

Trump said that the new Louisiana steel plant would produce 2.7 million metric tons of steel per year and create more than 1,400 jobs for American steel workers. He said that there will be "major expansion after that."

"This will be Hyundai's first-ever steel mill in the United States—one of the largest companies in the world, by the way—supplying steel for its auto parts and auto plants in Alabama and Georgia, which will soon produce more than 1 million American-made cars every single year."

Trump said that the investment from the South Korean company "is a clear demonstration that tariffs very strongly work, and I hope other things also, but the tariffs are bringing them in at levels that have not been witnessed. Hyundai will be producing steel in America and making its cars in America, and as a result, they'll not have to pay any tariffs."

Posted by Fred 2025-03-25 00:00|| || Front Page|| [11145 views ] Top

#1 Trump Tariff Actions Spur Massive Foreign, Company Investments in US

Posted by Skidmark 2025-03-25 01:14|| 2025-03-25 01:14|| Front Page Top

#2 Trump Estimates '$4 Trillion Worth of Companies' Are 'Moving Back' to U.S.

Posted by Skidmark 2025-03-25 01:19|| 2025-03-25 01:19|| Front Page Top

#3

A couple of the main reasons we saw many US manufactures LEAVE the USA, was their Union leadership constant overbearing demands, strikes while under contract and production disruptions that they caused.

The political "donations" made to get NAFTA passed.

The another reason was Gov. with its Taxes, upon taxes and always increasing local EPA reg's.

So has the Local/State/Fed Gov's and the Steel and UAW Unions learned their lessons?

Posted by NN2N1 2025-03-25 04:20|| 2025-03-25 04:20|| Front Page Top

#4 ^NN, what they've learned is you gotta have a host before you can bleed it dry.

Posted by ed in texas 2025-03-25 10:25|| 2025-03-25 10:25|| Front Page Top

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