new video loaded: Trump Says Hyundai’s New U.S. Investments Prove His Tariffs Work

transcript

Hyundai Motor, a South Korean conglomerate known for its automobiles, announced on Monday that it would make investments to expand manufacturing in the United States.

Today, we’re delighted to report that Hyundai is announcing a major $5.8 billion investment in American manufacturing. In particular, Hyundai will be building a brand new steel plant in Louisiana, which will produce more than 2.7 million metric tons of steel, a year, creating more than 1,400 jobs for American steel workers. And then there’ll be major expansion after that. This investment is a clear demonstration that tariffs very strongly work. Hyundai will be producing steel in America and making its cars in America, and as a result, they’ll not have to pay any tariffs. There are no tariffs if you make your product in America.