Hyundai has revealed its plans for a significant $21 billion investment in the United States, which includes the establishment of its first steel mill in Louisiana. This announcement comes amidst looming tariffs previously imposed by the Trump administration. The new facility, expected to produce 2.7 million tonnes of steel annually, will also create approximately 5,400 jobs, significantly boosting local employment. President Trump and Louisiana Governor Jeff Landry praised the investment during a recent White House ceremony, highlighting the positive impact of the tariffs on attracting foreign investment. With ongoing investments in U.S. manufacturing, Hyundai is poised to enhance its presence in the electric vehicle market while navigating the complexities of current trade policies.