Speaker Johnson Celebrates Hyundai’s $20 Billion Investment in U.S. ManufacturingInvestment includes $5.8 billion steel plant in Louisiana
Washington,
March 24, 2025
WASHINGTON — Today, Speaker Johnson joined President Trump, Gov. Jeff Landry, and Hyundai Executive Chair Euisun Chung at the White House for an event announcing Hyundai’s $20 billion investment in U.S. manufacturing, $5.8 of which will be invested in a steel plant in Ascension Parish. Speaker Johnson delivered brief remarks at the White House and released a statement following the event. Watch Speaker Johnson’s remarks here Speaker Johnson issued the following statement after the event: “Hyundai’s $20 billion investment is further proof that President Trump is delivering on his promise to create American jobs, jumpstart the economy after President Biden’s failures, and bring back America’s manufacturing industry. This incredible investment, which includes $5.8 billion for a steel plant in my home state of Louisiana, is welcome news to American workers and their families, and adds to the more than $2 trillion in new U.S. investments President Trump has secured in just two months.” ### |