Hyundai on Monday announced a sweeping $20 billion investment in the United States, including a $5.8 billion steel plant in Louisiana that is expected to create nearly 1,500 new jobs, marking another major victory in President Donald J. Trump’s campaign to revitalize American manufacturing.
The announcement follows Hyundai’s earlier pledge to “further localize production in the U.S.” and represents the latest in a growing list of global companies moving supply chains and jobs back to American soil under Trump’s “Made in America” agenda.
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“It’s further proof that President Trump’s economic agenda is working,” the White House said in a statement.
Hyundai is just one of several global automakers now investing heavily in domestic operations:
- Stellantis announced a $5 billion investment, including the reopening of an Illinois plant.
- Volkswagen is reportedly considering shifting Audi and Porsche production to the U.S.
- Honda plans to build its next-generation Civic hybrid in Indiana.
- Nissan is weighing a move of some operations from Mexico to the U.S.
- Rolls-Royce and Volvo are also ramping up U.S.-based production.
President Trump has long championed a return to domestic industrial strength, frequently tying tariffs and trade policy to job creation and economic nationalism.
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“More investment, more jobs, and more money in Americans’ pockets,” the administration said Monday, celebrating the momentum of industrial reshoring under the Trump economy.
As global manufacturers shift strategies and relocate operations stateside, the White House continues to frame these investments as a validation of its approach to tariffs, deregulation, and pro-manufacturing policies.
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