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