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White House mentions Hyundai's investment plan as result of Trump's drive for 'American manufacturing dominance'

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U.S. President Donald Trump arrives on Air Force One at Palm Beach International Airport, March 28, in West Palm Beach, Fla., U.S. AP-Yonhap

U.S. President Donald Trump arrives on Air Force One at Palm Beach International Airport, March 28, in West Palm Beach, Fla., U.S. AP-Yonhap

The White House cited Friday, South Korean conglomerate Hyundai Motor Group's recently unveiled plan to invest US$21 billion in the United States through 2028 as a result of U.S. President Donald Trump's push to achieve "American manufacturing dominance."

On Monday, the group's Executive Chair Euisun Chung announced a multipronged plan that includes an investment of $8.6 billion in the automotive sector, $6.1 billion in the steel, component parts and logistics industries, and $6.3 billion for future industrial sectors and energy.

The White House said that ten weeks into his second term, Trump is delivering "transformative" wins for the American people. (Yonhap)



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