“A lot of people look at a tariff as a punishment, but we’re not trying to punish them,” said Steve Bosarge, president of the Southern Shrimp Alliance, a trade association. “We just want to be at a level where we all can compete.”

Automakers including General Motors Co. and Hyundai Motor Co. reported higher US auto sales as the threat of price hikes from President Donald Trump’s tariffs drove consumers to showrooms.

Amid the announcement of these tariffs, there has been a lot of concern about layoffs and job security, but Hyundai says employees at HMMA should not be concerned about losing the

Hyundai Motor, a South Korean conglomerate known for its automobiles, will invest $21 billion to expand manufacturing in the United States in what President Trump said was proof that his tariff policies were creating jobs.

President Donald Trump will tout plans by Hyundai Motor Co. to invest $20 billion in the US, as the South Korean automaker moves to boost production on American soil and avoid his tariff threats, according to a person familiar with the matter.

Trump touted Hyundai's $5.8 billion in its first U.S. steel mill in Louisiana was a result of threatened tariffs on overseas manufacturing.

South Korean carmaking giant Hyundai has unveiled $21bn (£16.3bn) of investment in the US.The plan includes a new $5.8bn steel plant in the southern state of Louisiana.Hyundai also said it will expand its American vehicle production and invest billions of dollars in new technology including autonomous driving and artificial intelligence (AI).

U.S. President Donald Trump said Hyundai Motor’s investment “is a clear demonstration that tariffs very strongly work.”

President Trump announced a $5.8 billion Hyundai Steel project, the company's largest investment in the U.S., for the Donaldsonville area of Ascension Parish. The steel project is estimated to bring in around 1,300 direct jobs and thousands of indirect jobs.