The ‘The Big Money Show’ panel discussed President Donald Trump’s plan to bring back the plan.
Hyundai schemes To invest $ 20 billion to bring manufacturing operations in the US, the White House announced on Monday.
A part of the investment, about 5.8 million dollars, a next generation steel plant will supply to its two American plants and will employ over 1,400 people. The rest of the money will be kept to expand manufacturing in America
President Trump said that two plants of companies in Alabama and Georgia, “will produce more than 1 million American manufactured cars every year due to the earliest investment”.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| Hymtf | Hyundai Motor Company Limited. | 52.02 | +1.31 |
+2.58% |
A logo of South-Korian carmaker Hyundai. (Photo by Yuriko Nakao / Getty Image / Getty Image)
Automker Trump Administration is the latest in the increasing number of companies announcing schemes to increase investment in the US, which is using tariffs to encourage companies to bring back manufacturing on US earth and reduce dependence on foreign goods.
Apple unveiled historic $ 500B investment in US manufacturing, innovation: ‘Future fast’
Trump said, “Cars are never seen before coming to this country in this country. Get ready. This investment is a clear performance that Tariff works very strongly,” Trump said.
Vice President JD Vance posted on X earlier this month that companies would be rewarded for jobs and making in the US.
“We will reduce the rules and reduce taxes. But if you build outside the United States, you are on your own,” he wrote.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| GE | Landless | 210.23 | +6.10 |
+2.99% |
| Lily | Eli Lily & Company. | 864.54 | +27.99 |
+3.35% |
| JNJ | Johnson & Johnson | 163.29 | -0.34 |
-0.21% |
| Aapl | Apple Inc. | 220.73 | +2.46 |
+1.13% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited. | 181.16 | +4.43 |
+2.51% |
Hyundai news comes only a few weeks after the announcement of Ge Aerospace Investment of about 1 billion dollars “To strengthen manufacturing and help to increase the use of new parts and materials required for the future of flying.” The GE said that the funds would help to increase the safety, quality and distribution of engines, almost double the commitment of last year, which will benefit more than two dozen communities in 16 states. GE said that it would also hire about 5,000 US manufacturing and engineering workers.
Ellie Lily invested $ 27b more in US manufacturing
Elli Lily announced in February that she was investing an additional $ 27 billion to promote domestic drug production, making the company’s total US manufacturing investment more than $ 50 billion since 2020. Johnson & Johnson also announced an investment of $ 55 billion in four years.
Apple also announced that it is committed to $ 500 billion in the next five years, including Houston construction of an advanced AI server manufacturing factory, as well as doubling the company’s advanced manufacturing fund from $ 5 billion to $ 10 billion.
Tech veteran is also planning to establish an apple construction academy In Detroit, Also rent 20,000 new employees with research and development, silicon engineering, artificial intelligence and machine learning.
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The Taiwan Semiconductor Manufacturing Company said it would invest $ 100 billion in US-based semiconductor chip manufacturing and shipping veteran CMA CGM would invest $ 20 billion in US shipping and logistics.
Softbank, Damac, Meta And other people are also committed to investing in the US under Trump. Even CEO of Nissan Makoto Uchida suggested that Trump’s tariff car manufacturer could force the car manufacturer to move his production outside Mexico.
The employee of Hyundai Motor Company works on a Hyundai Allantra vehicle on the assembly line. (Dug Conterg
The administration said that “Trump is on a mission to make America the world’s manufacturing superpower.” While economist Michael Szento believes that to withdraw more manufacturing in the United States is a “qualified goal,” he said it would “take time and be without pain.”
“Building advanced factories such as chip foundry can cost years and billions of dollars,” Szanto said. He said that prices can go up in the near period because in the US “there is a lack of some of the people, even to build some factories, let them staff alone.”
However, he said that “our strength in manufacturing is that there are some of the biggest energy resources to give our factories cheap power in the United States” and “” will allow us to reduce staff shortage in progress in future automation and robotics. ”
