Trump Says Tariffs Spur Japanese, Korean, and German Automakers to Build U.S. Plants

On July 6, U.S. President Donald Trump stated during a White House event that his administration’s tariff policies have prompted Japanese, South Korean, and German automakers to build factories in the United States to avoid paying tariffs. He noted that these companies have opted to manufacture vehicles domestically, thereby avoiding tariff costs, and added that numerous new auto plant projects are currently underway across the country. Since returning to the White House last year, the Trump administration has used tariffs as a central tool to revitalize American manufacturing, attract foreign direct investment, and reduce the trade deficit. Against this backdrop, South Korea’s Hyundai Motor Group announced last year plans to invest $26 billion in the U.S. by 2028. On the same day, Trump also commented on Iran, saying the U.S. hopes to reach an agreement with Tehran but otherwise would “finish the job,” emphasizing Washington’s capability to swiftly destroy Iran’s critical infrastructure. Regarding the Russia-Ukraine conflict, he stated that both sides are willing to end the war, asserting that the situation is closer to a ceasefire than many realize. He also revealed plans to hold a bilateral meeting with Ukrainian President Volodymyr Zelenskyy during the upcoming NATO summit in Ankara, Turkey, scheduled for July 7–8.