Rumor has it that Hyundai is preparing to inject a staggering $20 billion into the American industrial sector. The buzz is that the South Korean car manufacturer is poised to make the official declaration today.
Hyundai’s leading executives are anticipated to convene with President Trump and Louisiana Governor Jeff Landry at the White House later today to present the specifics of their strategy. A considerable portion of that capital, approximately $5 billion, is designated for a state-of-the-art steel facility in Louisiana. Toncoin (TON) Value Forecast for March 26th
Hyundai is the most recent among a series of prominent entities to reveal substantial investments in US production. They are aligning with the likes of chip manufacturing behemoth TSMC and Japanese multinational SoftBank, all backing President Trump’s initiative to enhance national output.
This action arises as Trump intends to impose corresponding duties on imported commodities commencing on April 2nd. Earlier in the year, Hyundai CEO Jose Munoz informed *Axios* that the firm resolved to invest considerably in the US marketplace because “the optimal approach for us to manage duties is to amplify localization.”
