Cabot Phillips
๐ค SpeakerAppearances Over Time
Podcast Appearances
And audiences across the country are disenchanted by Disney's live-action Snow White as the remake bombs at the box office.
And audiences across the country are disenchanted by Disney's live-action Snow White as the remake bombs at the box office.
South Korean car manufacturer Hyundai announced Monday that they'd be investing more than $20 billion in the U.S. to build new steel and auto plants.
South Korean car manufacturer Hyundai announced Monday that they'd be investing more than $20 billion in the U.S. to build new steel and auto plants.
Yeah, Hyundai joining the long list of companies pouring billions of dollars into American manufacturing, otherwise known as onshoring. On Monday, the South Korean auto giant announced a nearly $21 billion investment in the U.S., For context, that is equal to the total amount they've invested here since 1986. As part of that effort, they'll be building a $6 billion steel plant in Louisiana.
Yeah, Hyundai joining the long list of companies pouring billions of dollars into American manufacturing, otherwise known as onshoring. On Monday, the South Korean auto giant announced a nearly $21 billion investment in the U.S., For context, that is equal to the total amount they've invested here since 1986. As part of that effort, they'll be building a $6 billion steel plant in Louisiana.
That'll employ more than 1,400 Americans. The company currently has two major auto plants on American soil. Now it will be three. They're opening a third in Georgia, which will create another 8,000 jobs. Hyundai's executive chair, Yu-Sung Chung, appeared alongside President Trump at the White House Monday to break the news.
That'll employ more than 1,400 Americans. The company currently has two major auto plants on American soil. Now it will be three. They're opening a third in Georgia, which will create another 8,000 jobs. Hyundai's executive chair, Yu-Sung Chung, appeared alongside President Trump at the White House Monday to break the news.
As we've discussed, President Trump has already implemented 25% tariffs on steel and aluminum imports, and additional levies are coming on Asian auto imports. So Hyundai is certainly looking to save money. As Hyundai Motor CEO Jose Munoz put it, the best way for Hyundai to navigate tariffs is to increase localization, aka manufacturing cars here in America.
As we've discussed, President Trump has already implemented 25% tariffs on steel and aluminum imports, and additional levies are coming on Asian auto imports. So Hyundai is certainly looking to save money. As Hyundai Motor CEO Jose Munoz put it, the best way for Hyundai to navigate tariffs is to increase localization, aka manufacturing cars here in America.
For his part, President Trump has argued all along that his tariffs were intended to pressure foreign businesses to do just that. Here he is yesterday.
For his part, President Trump has argued all along that his tariffs were intended to pressure foreign businesses to do just that. Here he is yesterday.
Last month, Apple announced it was pouring $500 billion into new American manufacturing projects. Before that, Japan's SoftBank announced $100 billion investment. Asian chip manufacturer Taiwan Semiconductor is pouring $100 billion of their own to build high-tech chips in America. United Arab Emirates announced a 10-year, $1.4 trillion investment. The list goes on and on.
Last month, Apple announced it was pouring $500 billion into new American manufacturing projects. Before that, Japan's SoftBank announced $100 billion investment. Asian chip manufacturer Taiwan Semiconductor is pouring $100 billion of their own to build high-tech chips in America. United Arab Emirates announced a 10-year, $1.4 trillion investment. The list goes on and on.
Again, that's all in the last three months. According to the president, there have been up to $4 trillion worth of new investments in the U.S. since Inauguration Day. Here he is to that point during a cabinet meeting yesterday.
Again, that's all in the last three months. According to the president, there have been up to $4 trillion worth of new investments in the U.S. since Inauguration Day. Here he is to that point during a cabinet meeting yesterday.
Yeah, one of the crazier stories you'll hear out of Washington, and that's saying something. On Monday, Atlantic editor-in-chief Jeffrey Goldberg published a story titled, quote, the Trump administration accidentally texted me its war plans. And that is exactly what happened. Two weeks ago, Goldberg was mistakenly added to a group chat on the messaging app Signal.com.
Yeah, one of the crazier stories you'll hear out of Washington, and that's saying something. On Monday, Atlantic editor-in-chief Jeffrey Goldberg published a story titled, quote, the Trump administration accidentally texted me its war plans. And that is exactly what happened. Two weeks ago, Goldberg was mistakenly added to a group chat on the messaging app Signal.com.
The chat included VP Vance, SecDef Pete Hegseth, Secretary of State Marco Rubio, National Security Advisor Mike Waltz, along with the heads of the CIA, DNI, etc. Over the course of multiple days, the group debated whether or not to launch airstrikes against Houthi terrorists in Yemen who've been attacking ships in the Suez Canal for years. Goldberg published a number of those messages.
The chat included VP Vance, SecDef Pete Hegseth, Secretary of State Marco Rubio, National Security Advisor Mike Waltz, along with the heads of the CIA, DNI, etc. Over the course of multiple days, the group debated whether or not to launch airstrikes against Houthi terrorists in Yemen who've been attacking ships in the Suez Canal for years. Goldberg published a number of those messages.