South Korea's Hyundai Motors announces massive investment plan of over $20 billion with President Trump

South Korean Hyundai Motor plans to announce a massive investment plan worth $20 billion (approximately 3 trillion yen), including expanding its production facilities in the United States, according to multiple foreign media outlets, including Reuters and CNBC.
On the same day that the report was made, Hyundai Motor Chairman Chung Eui-sun said he had met with US President Donald Trump and Louisiana's Jeff Bezos.
Together with Governor Landry and others, he announced a large-scale investment plan at the White House, including at a Louisiana steel plant. The Louisiana steel plant will produce next-generation steel used in the production of electric vehicles and other products.
The new plant will manufacture steel substitutes and will employ about 1,500 people. Hyundai currently operates two major auto plants in Alabama and Georgia.
The investment announcement comes in response to President Trump's implementation of tariffs on steel and aluminum, as well as the "reciprocal tariffs" to be announced on the 2nd of next month.
President Trump announced that he would impose 25% tariffs on steel and aluminum from all countries starting on the 12th.
Companies that manufacture automobiles in the United States, including Hyundai, may face increased production costs if they import steel from countries other than the United States.
It is possible.