Today, Hyundai announced a $20 billion investment in the United States — including $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs. The investment, which builds on Hyundai’s pledge earlier this year to “further localize production in the U.S.,” is the latest success in President Donald J. Trump’s pursuit of a Made in America renaissance.

It’s further proof that President Trump’s economic agenda is working.

Hyundai is far from the only automaker planning major investments as President Trump leverages tariffs to remake the U.S. into a global manufacturing powerhouse:

• Stellantis announced a $5 billion investment in its U.S. manufacturing network — including re-opening an Illinois manufacturing plant — as it pledges to increase domestic vehicle production.
• Volkswagen is considering shifting production of the high-end Audi and Porsche brands to the U.S.
• Honda is expected to produce its next-generation Civic hybrid model in Indiana.
• Nissan is considering moving production from Mexico to the U.S.
• Rolls-Royce is expected to “ramp up” production in the U.S. by hiring more American workers and expand its U.S.-based operations.
• Volvo is considering expanding its U.S.-based output.
  

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It’s not just the auto sector; domestic and foreign companies have pledged trillions in new investments since President Trump took office:

• Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
• Apple announced a $500 billion investment in U.S. manufacturing and training.
• Nvidia announced it will invest hundreds of billions of dollars over the next four years in U.S.-based manufacturing.
• Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.
• Eli Lilly and Company announced a $27 billion investment in domestic manufacturing.
• United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
• France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
• Merck announced it will invest $8 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility.
• Clarios announced a $6 billion plan to expand its domestic manufacturing operations.
• GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs.
• GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
• London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility.
• Dublin-based Eaton Corporation announced a $340 million investment in a new South Carolina-based manufacturing facility for its three-phase transformers.
• Germany-based Siemens announced a $285 million investment in U.S. manufacturing and AI data centers, which will create more than 900 new skilled manufacturing jobs.
• Paris Baguette announced a $160 million investment to construct a manufacturing plant in Texas.
• Switzerland-based ABB announced a $120 million investment to expand production of its low-voltage electrification products in Tennessee and Mississippi.
• Saica Group, a Spain-based corrugated packaging maker, announced plans to build a $110 million new manufacturing facility in Anderson, Indiana.
• Paris-based Saint-Gobain announced a new $40 million NorPro manufacturing facility in Wheatfield, New York.
• India-based Sygene International announced a $36.5 million acquisition of a Baltimore biologics manufacturing facility.
• Asahi Group Holdings, one of the largest Japanese beverage makers, announced a $35 million investment to boost production at its Wisconsin plant.
• Samsung is considering moving its dryer production from Mexico to South Carolina.
• LG is considering moving its refrigerator manufacturing from Mexico to Tennessee.
• Italian spirits group Campari is “assessing the opportunities to expand its production in the U.S.”
• Essity, a Swedish hygiene product manufacturer, is considering shifting production to the U.S.
• Taiwan-based Compal Electronics is considering a U.S.-based expansion.
• Taiwan-based Inventec is expected to expand its manufacturing operations into Texas.
• LVMH, a French luxury giant, is “seriously considering” an expansion to its U.S.-based production capabilities.
• Cra-Z-Art, the biggest toymaker in the U.S., said it will move a “large percentage” of its China-based manufacturing back home.
• Prepac, a Canadian furniture manufacturer, announced it will move production from Canada to the U.S.
  

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