Tuesday, March 25, 2025

South Korea’s Hyundai announces $21 billion U.S. investment

INTRO: South Korean automaker Hyundai has unveiled plans to make a record $21 billion investment in the United States, to ease the risks from President Donald Trump's threats of imposing sweeping tariffs.

It's the latest foreign company to spotlight plans to ramp up US production as Trump enacts measures aimed at forcing manufacturers to create more American jobs. Laura Westbrook reports.

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