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Trump's tariffs are already working: South Korea's Hyundai announces $21 billion U.S. investment By HatetheSwamp March 24, 2025 12:56 pm Category: International (0.0 from 0 votes) Rules of the Post Write A New Article How To Post Here

I'm no fan of Tangerine Man nor tariffs, as I've made clear, but I have to give credit where credit is due.

South Korean conglomerate Hyundai on Monday announced a roughly $21 billion investment in U.S. onshoring.

A new steel plant in Louisiana, which is part of the investment, is set to hire more than 1,400 employees and will produce next-generation steel that will be used by Hyundai's two U.S. auto plants to manufacture electric vehicles.

The plant is set to hire more than 1,400 employees and will produce next-generation steel that will be used by Hyundai's two U.S. auto plants to manufacture electric vehicles. The investment was announced Monday at the White House by President Donald Trump, Hyundai Chairman Euisun Chung and Louisiana Gov. Jeff Landry.

Cited and related links:

1. cnbc.com

Comments Start Below

by Curt_Anderson on March 24, 2025 1:21 pm This announcement may have less to do with Trump's tariffs than the White House would have you believe. Hyundai in 2022 said it would invest about $10 billion through 2025 in the United States; it is unclear whether all of that money was spent, or if Monday's $20 billion includes some portion of that previously announced investment. Hyundai Motor declined to comment. A spokesperson at Hyundai Steel (004020.KS), opens new tab was not immediately available for comment. [Louisiana Governor Jeff] Landry travelled to South Korea in October and met with Hyundai to discuss the investment plan. Landry’s visit helped advance negotiations with Hyundai, which will benefit from tax incentives and industrial tax exemptions. reuters.com 710keel.com by HatetheSwamp on March 24, 2025 1:26 pm "This announcement may have less to do with Trump's tariffs than the White House would have you believe." It may have tons to do with the tariffs. This is precisely what Trump hoped would happen if he levied tariffs. by Curt_Anderson on March 24, 2025 1:38 pm Notice the timing of the January 9th 710keel.com report: "Hyundai to Bring New Steel Plant With 1300 New Jobs to Louisiana". It was announced while Biden was president. The Hyundai-Louisiana negotiations have been going on since at least 2022. Landry was in South Korea finalizing the deal last October. by meagain on March 24, 2025 4:18 pm The investment was planned in 2019 and Trump was included then. It has nothing at all to do with tariffs. Companies don't make multi-billion investments on a whim. This has been 5 years or more in the planning stage. by ROB3RT on March 24, 2025 8:17 pm Hater wrote; I'm no fan of Tangerine Man nor tariffs, as I've made clear, but I have to give credit where credit is due. That is a lie. You are engaging in the common practice of a propagandist, inserting an inoculation to lend your main message more credibility. Inside your little MAGA brain, you're thinking, "If I first make them think I really don't like Trump, they won't question me when I praise him." Well, wrong. I've been in this forum long enough to realize that you haven't yet produced a keystroke that wasn't in service of supporting Trump and tearing down his opponents. You are MAGA to the bone, a troll who spends every waking moment thinking of new ways to give your cult leader a virtual hand job. You know it. I know it. Everybody knows it. Do us a favor and drop the pretense. by oldedude on March 24, 2025 8:48 pm As usual, looking at Left wing media, neither of you would find anything. ROK papers (other than the "Korean Harold" which is generally more right than BBC or any of the other ROK papers). For the most part, all the papers hate the DPRK (which makes sense), but are very fair minded about every other country in the world. Korea Among Nations Targeted for Potential High-Level Tariffs by Trump Administration Amid escalating trade tensions, South Korea finds itself potentially targeted by the United States for reciprocal tariffs, as reported by the Wall Street Journal (WSJ) on March 23. This development follows U.S. President Donald Trump's focus on addressing what he perceives as unfair trade practices, with South Korea being singled out as a potential target. The tariffs, if implemented, could reach the highest levels in decades, significantly impacting the trade dynamics between the two nations. The WSJ, citing sources, indicated that the countries subject to these tariffs are expected to align with those previously identified by the U.S. Trade Representative (USTR) in the Federal Register. This list includes major economic players such as the G20 countries, Argentina, Australia, Brazil, Canada, China, the European Union, India, Indonesia, Japan, South Korea, Malaysia, Mexico, Russia, Saudi Arabia, South Africa, and Taiwan. Collectively, these nations account for a staggering 88% of the U.S.'s total goods trade, underscoring the potential global impact of the proposed tariffs President Trump is anticipated to leverage emergency economic powers to announce and implement these tariffs swiftly. The strategy, as described by a senior foreign official, aims to pressure countries into negotiations through the threat of these tariffs. However, it is expected that sectoral tariffs on automobiles, semiconductors, and pharmaceuticals will not be announced on April 2, providing a temporary reprieve for these industries. How the Trump Administration Views Reciprocal Tariffs The concept of reciprocity has garnered significant attention since the inauguration of U.S. President Donald Trump on January 20. One of his first actions was signing the America First Trade Policy executive order, which tasked the secretary of commerce with investigating the causes of the United States’ large and persistent trade deficit in goods and recommending appropriate actions with the support of the secretary of the treasury and the U.S. trade representative. Three weeks later, on February 13, Trump singled out the lack of reciprocity as a source of U.S. trade deficits in his Reciprocal Trade and Tariffs executive order. The administration’s method of defining and imposing reciprocal tariffs will have different implications for trading partners. With respect to South Korea’s agricultural tariffs, reciprocal tariffs—in the strictest sense—will have a limited impact. However, if the United States targets key categories of South Korean exports, including automobiles and steel, to achieve an effective tariff rate that may exceed current effective tariffs on U.S. agricultural exports to South Korea, pending the Department of Commerce’s upcoming assessments of South Korean tariffs, the effects could be significant. To make matters more complex, Trump also leaves open the possibility of imposing tariffs to address other issues in the bilateral relationship, such as immigration and military support. businesskorea.co.kr keia.org by Donna on April 4, 2025 4:25 pm I didn't see this topic thread before it fell off the bottom. I don't read everything that everyone posts. I have other interests. I even miss some of the posts my wife makes. "As usual, looking at Left wing media, neither of you would find anything." Not true. Curt and meagain pointed out that S. Korea's investments in the U.S. go back to 2019, before the Trump 2.0's worldwide tariff scheme. S. Korea could be placating Donald by just doing what they had already planned to do as far back as 2019, long before Trump's new tariffs on S. Korea. Mexico did something similar a couple of months ago. by Donna on April 4, 2025 4:27 pm Speaking of Trump's tariffs, have you all seen this?: B.C. to levy tolls on U.S. trucks travelling to Alaska in tariff retaliation View Video by Ponderer on April 4, 2025 5:31 pm Huh. Well I wonder how much of the parts they are going to have to be importing? by oldedude on April 4, 2025 6:27 pm They're trying to make as much of the car as possible. Remember. They don't want to pay extra either. It drives the consumer price up and makes their car less desirable. Or did you miss that out of this news. ? What I got out of that statement, is that you don't care about anyone else but yourself. Screw the guy who gets a good job, with good medical. If you're not getting it, then "screw" everyone else. Sounds like a narcissist to me. TPS... by oldedude on April 4, 2025 8:40 pm Have you ever heard of a Spiritual Vampire? Look it up, your picture's there. by oldedude on April 4, 2025 9:02 pm Speaking of Trump's tariffs, have you all seen this?: B.C. to levy tolls on U.S. trucks travelling to Alaska in tariff retaliation That's as stupid as having a single state here, forming a "levy" (or tax, whatever you want to call it) against Canadians. They "say" they're taxing all commercial vehicles. I think that's a lie, but we'll have to see if it's enacted. The canadians have become pretty unhinged on this. It was a big money maker for them to tariff us at double the rate as we tariff them (in total amount of money). Most of that is in vehicles. So we just need to move our vehicle manufacturing to the US. My Subaru was built in TN. Now that a couple of manufacturers are getting together and making at least some of the parts here, that will lower the cost of the cars. Obviously, it would be better to make the parts here as well. The issue is with the engines and transmissions. UAW has tolerances, the japanese don't. When you get a Japanese engine, it's like getting a blueprinted engine, to the exact size it's made to be. That's why you used to have to change your oil after 1200 miles and change the filter. There were filings that fell into the oil by running it from it being out of tolerance. by Curt_Anderson on April 4, 2025 11:06 pm "My Subaru was built in TN"---OD My Subaru, a 2005 Forester, was built in IN. by HatetheSwamp on April 5, 2025 4:13 am Yeah, Curt. I'm glad our Camry hybrid only has about 50,000 miles on it. It should last about another 100k, at least. We bought it to be our last car. Now, it will be, for sure. A brief note: Toyota hybrids are awesome... AND, when we bought this one, the Toyota salesman told us that Ford actually buys last generation's hybrid technology from Toyota so, if you want a good hybrid reasonably tariff free, check out a Ford. The American auto industry will be among the first beneficiaries of Trump’s tariffs. And, there will be millions of new union jobs by the time Trump's finished,... ... despite what Curt's Holy Trinity and po's metaphorical Rachel are preaching. by oldedude on April 5, 2025 5:16 am "My Subaru was built in TN"---OD My Subaru, a 2005 Forester, was built in IN. Exactly, Subaru figured part of it out. If the steel manufacturing industry could come back, most of the automotive industry would have shorter distance to the "build" factory. That saves money. Will they make all of it here? I don't think so, to remark from what po said. The best power trains are built in Japan, I think they'll stick with that. Other than that, things can be built here. And with all things equal, we can hire a few hundred thousand workers into good paying jobs. Joe did "start" computer chip work here. Although I didn't think it was enough, it was a great start, but on too small of a scale. We need to make those here for both strategic and economic reasons along with metals. This all fits together. Speaking of good paying jobs. I honestly don't give a rat's butt which "side" would allow/make this happen. If pedojoe would have done this, I would have cheered him on. I don't think his handlers would allow it though. The dim idea is to force people to live off the government. That goes back to Marx/Ingalls, Che, then Alinsky, and now the new left. You make people dependent on the government for everything. THAT'S how you take control of the country. Which may be why the building burning, assassinating left hates trumpster (and all MAGAs). They take the power of free will out of the hands of the government and put it back with the people. by HatetheSwamp on April 5, 2025 6:24 am "Speaking of good paying jobs. I honestly don't give a rat's butt which "side" would allow/make this happen. If pedojoe would have done this, I would have cheered him on." Bang on. And, that's the difference between you and pb and the deranged TrumpHaters here. Donna is typical, celebrating the fall in the stock market... and the crumbling of middle class people's retirement savings, because it might harm Trump. They should not have joined in the conspiracy to foist the Dingbat on voters. Now, what they have left is hate. by oldedude on April 5, 2025 7:20 am Again, you and I need "reeducation" gulags according to them. Anyone that isn't "them" is not really a human being. Which is sad. by oldedude on April 5, 2025 7:21 am So maybe truth hurts... But no getting around it, the dims used to love tariffs. For good reason I think. Then. All of a sudden, an orange anus- faced somethingsomething appears on the horizon. HE wants to play tariff wars😱! But "you're not black" said the various and sundries (low information liberals)! And then little nancy appears on the horizon! She also talks about the disparity in trade costs. All in one video. View Video by HatetheSwamp on April 5, 2025 7:27 am "...the dims used to love tariffs. For good reason I think. Then." Fox has been running clips of The ONE, pre Trump, praising tariffs to high heaven. Whadahoot! It's becoming increasingly obvious, by the day, that hating Trump centers the existence of po and Donna and Curt. Hilarious! by Indy! on April 5, 2025 7:59 am Japanese car makers have been factories here for years because it makes economic sense. I've been driving Hondas for 40 years and everytime I'm looking for a new one, first thing I check is the VIN number to make sure it was built in Japan because they're better built cars than the ones built here in America. Japanese car companies have a better work ethic than us. 🙂 by HatetheSwamp on April 5, 2025 8:28 am Right on, Indy. As ole pb's been saying, pb ain't on the Trump tariff train. Yours is one of the reasons. We drive a Japanese Toyota Camry hybrid. It occurred to me early on that Trump will build up the US auto industry but that, in time, we'll end up driving the sort of trash Detroit produced in the 70s. That's why conservatives, like Ted Cruz, are becoming vocal in opposition to the tariffs. Conservatives believe in capitalism after a fashion. Competition. Tariffs kill competition. It'll be interesting if, in time, our insane TrumpHaters begin, actually, to think... and realize that, in the new political reality, Ted Cruz is their man. And, also pbGOP Rand Paul. At the moment, po and Donna, and Curt, too, are caricatures of actual humans. It's like watching cartoons. Baha. by meagain on April 5, 2025 1:43 pm Hyundai is also partnering with GM to produce a vehicle in Canada. Is that because of Trump? As for the new one in Louisiana that was the original, topic here, that was planned some time ago: long before Trump. The company was deciding whether Canada, Mexico, or the US was the most convenient for something new. The decision is not because of Trump and his Triffs that are straight from the abyss of lunacy. by oldedude on April 5, 2025 10:15 pm If it was done long before trumpster, then WTF didn't pedojoe pull the trigger on it? If it was ready, then pedojoe didn't WANT to increase manufacturing in the states. He wants to give it away to other countries. pedojoe was stupid, or senile if he didn't take that chance. I vote for both, and he was on the Chinese payroll. by meagain on April 6, 2025 8:17 am It was not for Biden (do you need help spelling his name?) to pull the trigger. It would be done when the company was ready to start the physical process. by oldedude on April 6, 2025 8:32 am It would be done when the company was ready to start the physical process. No, no, I've got his name right. This isn't the "start of the physical process." If the negotiations are done, pedojoe could have pulled the trigger on this last year. It's like union negotiations. You get an agreement, and THEN you start working on the physical process. Of course, this is a lot more work than post union negotiations. You keep saying "trumpster had nothing to do with it" and yet if it was on pedojoe's radar, it could have been done. My point has always is that his staff didn't care about bringing manufacturing into the country. He was selling the country to China, which I've explained several times now. I can say that had pedojoe pulled the trigger on this, trumpster would have had a lot of trouble winning the election. Bad for the GOP, but an absolute coup for the dims. Obviously, I would have supported it for the country, because I actually care about the downstream effects this has for the American working class. And it's one of those "dang! that's bad luck for us!" The dims were too worried about protecting sexual groomers in the schools, getting paid by the Chinese, and being racist to think about good jobs. by meagain on April 6, 2025 1:26 pm Have you been an idiot all your life or is this just dementia? by oldedude on April 6, 2025 1:46 pm We disagree on some issues. I've also been the one supporting you several times. Maybe I should attack you even if I agree... Whattta ya think? I'm really sorry. I've done negotiations. I've also done federal interviews AND interrogations (the rules change in the US between them) along with negotiations. Your "learning" ceased in 1950. The world has changed, sorry to say. You couldn't even give me a vague picture WTF you were talking about, except to attack me. Therefore, your comment is thrown away to the trash where all the other sheitte, goes. And again, If you're going to call me stupid, I need to know what you disagree with and citations. You're beginning (again) to be nothing more than an annoyance because you can't cite shit, much like princess or po. It's my option to pay attention to anyone. Or not. Period. by meagain on April 7, 2025 10:15 am Your every post is a Gish Gallop of contradictions, OD. What I said is clear and still stands. The new plant was planned years ago and this is the conclusion of the feasibility studies. Not a response to tariffs. You may cite all you please. You always cite form sources that give your preferred argument. You need to learn the art of debate instead of thinking this is an exchange of essays. Most of what I post is reasoned and often from current understanding, not a search for supports. It is called using your brain. Try it! by oldedude on April 7, 2025 10:38 am Your every post is a Gish Gallop of contradictions, OD. What I said is clear and still stands. The new plant was planned years ago and this is the conclusion of the feasibility studies. Not a response to tariffs. my point has been that it was very opportunistic for trumpster to use the timing. AND this would be a coup for any president. With the dims losing their asses in the last election, they were too stupid to take advantage of the timing. Even a pre-announcement from the parties that they were working on the project, specifics TBD, they would have put the GOP on their heels and could be talking about that now. They chose not to. That was a stupid political move and shows how much disdain they have for American workers. Both countries understand politics far more than you do. I think they would have helped pedojoe if they cared enough to do so. AND maybe the announcement was played by trumpster to be exactly when he wanted it. Both countries knew they were going to be getting new tariffs. It would be advantageous for both countries to show this move publicly as a gesture of good faith. by Indy! on April 7, 2025 10:56 am So what you're saying is Trump's lying will help him with the GOP - which we already know. That's how he got elected in the first place - people like you (Fox clones) buying anything that falls out of his pie hole. It's a workable solution for getting elected (especially considering the low IQ of the general GOP) - but it doesn't make for good governance. by oldedude on April 7, 2025 12:52 pm It seems that you know less about politics than both curt and po combined. It's a good thing I type slowly when describing the law to you. Say it slow, and say it often. Just for you. The one that couldn't get out of the sixth grade... by Indy! on April 7, 2025 1:28 pm Translation: "I got nothing, Indy - so I'll just mumble some of the same old nonsense that has no basis in reality outside my rotting noggin." by Curt_Anderson on April 7, 2025 4:55 pm If nothing or not much comes of this proposed Hyundai plant, this wouldn't be the first time Trump touted a manufacturing facility that turned out to be overhyped, overpromised and underdelivered. Incidentally, has there ever been a more spot on name for a ballyhooed business than "Fox con"? Foxconn’s giant factory in Wisconsin sounded too good to be true. Turns out it was CNN Business— When first announced in 2017, Foxconn’s plan to build a massive electronics factory in Wisconsin was hailed by then-President Donald Trump as a sign of the rebirth of American manufacturing. But nearly four years later, the complex that promised to create a Silicon Valley in the industrial Midwest is essentially a white elephant, a collection of mostly empty buildings without any high-tech products to build. And this week it became official: The pledged investment of up to $10 billion to create as many as 13,000 jobs is not coming. cnn.com by Indy! on April 7, 2025 5:24 pm We should be turning these abandoned corporate buildings into homeless apartments. by oldedude on April 7, 2025 6:46 pm As of yesterday, the EU is ready to negotiate with the US on a zero for zero tariffs. So chalk up a few more areas that see the potential hazards over not trading with us. Agriculture is one area on certain items from the states. Again, meagain is correct. The euros don't like our beef and much of our grain and veggies because of the hazardous chemicals we use in our ag. We need to correct that issue. barrons.com by Indy! on April 8, 2025 5:40 am Good news, OD. Maybe the new trade deal (if Trump can actually make one happen) will also include new laws regarding the un-recyclable plastics we use that have been outlawed in Europe. We'll have to become a better country because of Trump's F-up. by oldedude on April 8, 2025 7:02 am I agree with the un-recyclable anything. Even in the 1970's, your wine bottles went into a specific dumpster. They were collected, washed and sold back to the wineries cheaper than new glass. Here, because of the EPA, you literally can't do that because of the rules. When talking to the wine makers/owners, they would love to be able to recycle the bottles. That's only two examples that we're about 60 years behind the "reduce, reuse, recycle" bandwagon. And glass is very expensive and labor intensive to sort, break it down and remake the jar/bottle. And trumpster hasn't been in office for 50 years. Jussayin. by Indy! on April 8, 2025 8:17 am Not blaming that on Trump, but I get the point. The other issue with glass (at least the last time I looked into it) - is the sand required to make it is in limited supply. Apparently sand is even stolen in some instances to use in glass (and cement). by oldedude on April 8, 2025 9:27 am And, the worst part is the amount of energy it takes to "recycle" glass. It's really expensive and a waste of energy. The funny thing is that it's OSHA and Health Dept that won't a place to wash the labels off, sterilize the bottles and sell it back😠. I don't get it... And these are things that can help with the eco-issues. It's a simple fix that no one can "think" of. by Indy! on April 8, 2025 11:10 am As a kid when we needed money for candy or something - we would look for bottles to return. Every supermarket took back coke and pepsi bottles and gave you a couple cents for them so the soda companies could reuse them. by Donna on April 8, 2025 11:51 am For those who live in the real world (which excludes some posters here) - Just spoke to an employee at one of the Food City grocery stores I service. She told me that Pepsi used to have 30 Merchandisers working in Tucson. Well, they laid off 24 of them. Down to 6. Food City itself laid off 138 employees, 40 of whom were managers. And the company I work for laid off a lot of people at corporate, and maybe beyond that. Donald Trump has already destroyed countless lives, and he's hell bent of destroying more. I'm getting reeeeeeeeeeally nervous, because I cannot lose my job. If you voted for Trump and still stand by your vote, FUCK YOU. by HatetheSwamp on April 8, 2025 12:14 pm Trump did all that in 2 1/2 months!!!!!? Unlikely. by Donna on April 8, 2025 12:23 pm Yeah, it's just a coincidence that all of these companies are laying off employees right now. Fuck you, troll. by Donna on April 8, 2025 1:13 pm Karoline Leavitt just announced that an additional 50% tariff will be slapped on China starting 12.01am tomorrow morning. If my company goes belly up, it'll be nearly impossible for me to find another job. There goes our house. There goes our retirement. There goes our lives. Fuck all of you who voted for Trump. He's insane, but you all are worse. by oldedude on April 10, 2025 5:23 am As a kid when we needed money for candy or something - we would look for bottles to return. Every supermarket took back coke and pepsi bottles and gave you a couple cents for them so the soda companies could reuse them. I know, right? It wasn't a bunch, but it was money a kid could get. by HatetheSwamp on April 10, 2025 5:35 am "(Eff) all of you who voted for Trump. He's insane, but you all are worse. Sorry, dude. This is the fault of everyone who lockstepped with the smoke-filled room in the conspiracy to foist the Dingbat on voters. I'd'a gladly voted for a decent GOP, or Dem. This is your fault. Trump's doing what he campaigned on. Period. by HatetheSwamp on April 10, 2025 5:36 am "I hope that someone goes all AK-47 on everyone in the Trump Regime." You would. by Donna on April 10, 2025 7:54 am The company I work for won't be able to survive 125% tariffs on the country it buys almost all of its products from. I wake up every morning now with the fear of being notified that the company went belly up. I don't know how we'd be able to keep our home without that income. It'd be next to impossible for me to find another job. Thanks for all your heartfelt concern src="/post/emoji/smilie8.gif"> . by HatetheSwamp on April 10, 2025 9:38 am Donna, As a non-apologist for Trump, bahahahahahahahahahaha, my guess is that those draconian tariffs won't last long. But, you must know that every company in your field faces the same challenges. But, can you, now, imagine how someone such as yours truly could have become the libertarian-ish person he is. Just to let you know, you're welcome to join us over here. The water's just fine. Go To Top

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