Hyundai Motor Company and POSCO are focusing on localization strategies in response to US tariff pressures. Hyundai is considering negotiations with Trump over its investment in a new US factory, Hyundai Motor Group Metaplant America (HMGMA), which is expected to create 14,000 jobs in the US. POSCO has established a ‘Global Trade Policy Team’ to respond to trade environment and policy changes, and is considering increasing its investment in the US.
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Auto-posted at: 2025-03-23 01:32:14