South Korea’s Hyundai to announce $20 billion U.S. investment

Sudacu’s language investment will announce a $ 20 billion investment that includes a Steel Steel Steel Steel in Lourel in Louisiana, according to the familiar people with the plans.

The plant is imposed to hire approximately 1,500 employees and produce the steel of the generation of Hyundai of Electric Vehicles of Electric Vehicles. Investment is expected the year to Monday to the White House from Chairman Donald Trump, Hyundai Joung and Loung and Lougya Gov. Jeff Landry.

Hyundai’s advertisement come as the international racole to dodge tariff and avoid a trade war 2 trump fares 2. Taiwan TSMC softbank and softbank are between the main players who visited the white house in the last two months to announce the plans of the big waves.

Hyundai motor CEO José Muñoz Recently told the Axios that the “the best way to [Hyundai] Browsing brand is to increase location. ‘

Korean south company is a superior vendor of electric vehicles in the US, competitor directly with Tesla. I am It has two major automobility plants in the United States, one in Alabama and the other in Georgia. Hyundai Monday is also expected to announce a third automobile plant, even in Georgia.

South Korea is also among countries with whom the United States carries a business deficit. In the beginning of March, Trump Singled out South Korea to apply high fees to US Exports, saying asian Allies fees were four times higher than the US.

Seoul has contended that claim. AS 2024, CATEFFA IN HEART IS AT THE Korea of ​​us in 0.79% as the two countries have a free trade patch, according to the south government.

The white house has not immediately return the question for the comment of the Monday announcement. Hyundai declined to comment.