President Donald Trump has been vociferous about his intentions to punish countries that don’t align with his economic plans.
As such, some companies have announced plans to expand or establish manufacturing operations in the United States in response to President Donald Trump’s tariff policies, which really hit a lot of automotive makers.
Let’s see who they might be.
Hyundai
Hyundai is expected to announce a significant $20 billion investment in U.S. manufacturing, including plans for a $5 billion steel plant in Louisiana. This move aligns with the administration’s focus on bolstering domestic manufacturing.
Rolls-Royce
Rolls-Royce is primarily known for luxury cars, but it also has a major aerospace and defense division. Rolls-Royce Holdings plc designs and manufactures aircraft engines, naval propulsion systems, and military technology.
Their defense sector supplies engines for military aircraft, submarines, and naval ships, making them a significant player in the military-industrial space. So while the car brand is famous, the company itself has a broader reach beyond just automobiles.
Volkswagen
The German carmaker is considering setting up production sites in the U.S. for its high-end Audi and Porsche brands to avert fallout from tariffs.
Volvo
Volvo may move some production to the U.S. depending on tariffs imposed by the administration.
LG Electronics
The South Korean electronics giant is considering moving the manufacturing of refrigerators from Mexico to its factory in Tennessee, which currently produces washing machines and dryers.
Samsung Electronics
Samsung is contemplating shifting the manufacturing of dryers from its Mexico plant to its facility in South Carolina.
Stellantis
The parent company of Chrysler is moving forward with plans to build a new midsize pickup truck in Belvidere, Illinois.
LVMH
The luxury conglomerate is seriously considering expanding its production capacities in the U.S.
