(CNN) – The U.S. is getting a financial boost from Hyundai.
On Monday, the South Korean carmaker announced a $20 billion investment into the U.S.
That includes $5 billion for a steel plant in Louisiana.
President Donald Trump says that steel will be sent to automobile plants in Alabama and Georgia.
Trump has already enacted 25% tariffs on aluminum and steel imports.
Levies on European and Asian autos are scheduled to start next month.
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