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Hyundai unveils $21bn US expansion as Trump tariffs loom

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Staff Writer March 26, 2025 0 comments

Hyundai also said it will expand its American vehicle production and invest billions of dollars in new technology including autonomous driving and artificial intelligence (AI).

South Korean carmaking giant Hyundai has unveiled $21bn (£16.3bn) of investment in the US just days before President Donald Trump is set to impose new tariffs on trading partners.

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The plan includes a new $5.8bn steel plant in the southern state of Louisiana.

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