Hyundai Announces $21 Billion Investment in the US; Trump Proposes 25 Percent Tariffs on Countries Buying Oil From Venezuela

South Korea’s Hyundai announced a $21 billion investment in the United States today, with President Donald Trump at the White House. The investment includes a $5.8 billion steel plant in Louisiana, which is expected to produce over 2.7 million metric tons of steel annually.

Additionally, Trump proposed a 25 percent tariff on any country that buys oil or gas from Venezuela. He posted on Truth Social that the secondary tariff would apply to all trade with the United States.

Homeland Security Secretary Kristi Noem is set to visit a maximum-security prison in El Salvador that holds alleged Venezuelan gang members deported from the United States. Venezuela is now starting to accept its citizens back, meaning the United States won’t need to send them to El Salvador.

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