Hyundai plans fresh $20 billion investment in US, including new Louisiana steel plant, as tariff threats loom

Source: New York Post

Hyundai plans to invest a fresh $20 billion in the US, including with a new steel plant in Louisiana — making it the latest major foreign firm moving more of its operations to America to avoid impending tariffs. The South Korean car manufacturer is expected to construct the $5. 8 billion plant near Donaldsonville, with the new facility set to create 5,500 direct and indirect jobs, CBS said Monday.