From CNBC: 2025-03-24 14:44:00

Hyundai announced a $21 billion investment in U.S. onshoring, including a $5.8 billion steel plant in Louisiana. The plant will hire over 1,400 employees to produce next-gen steel for Hyundai’s U.S. auto plants. Major international conglomerates are onshoring to avoid tariffs. South Korea has a trade deficit with the U.S. despite a free trade pact.



Read more at CNBC: South Korea’s Hyundai announces $21 billion U.S. investment