Trump concerned S. Korean arrests could 'frighten' investors

Guno צְבִי

Guno צְבִי

We fight, We win, Am Yisrael Chai
Trump on Sunday said foreign workers sent to the United States are "welcome" and he doesn't want to "frighten off" investors, 10 days after hundreds of South Koreans were arrested at a work site in Georgia.

In a post on his Truth Social platform, the 79-year-old Republican wrote: "I don't want to frighten off or disincentivize investment."

Some 475 people, mostly South Korean nationals, were arrested at the construction site of an electric vehicle battery factory, operated by Hyundai-LG, in the southeastern US state of Georgia on September 4.

Immigration and Customs Enforcement (ICE) officials alleged South Koreans had overstayed their visas or held permits that didn't allow them to perform manual labor.

South Korean President Lee Jae Myung called the raid "bewildering" and warned Thursday that the raid could discourage future investment.

In his post, Trump described the circumstances for temporarily allowing foreign experts into the US to build "extremely complex products."

"Chips, Semiconductors, Computers, Ships, Trains, and so many other products that we have to learn from others how to make, or, in many cases, relearn because we used to be great at it, but not anymore," Trump wrote.

Korea's trade unions have called on Trump to issue an official apology.

 
8,500 Americans were directly employed by either Hyundai, or their local suppliers. Two to ten times more are indirectly employed, so about 25.5k to 93.5k Americans who need Hyundai to find a solution to the problem trump has created. Well several times that when you include their families.

Hyundai is deeply invested in Georgia, so is unlikely to pull out. They already said there will be temporary layoffs, but hopefully those will only last for months, not years.

The real problem here is that other investors are rethinking their plans of investing in the USA.
 
Guno צְבִי said:
Trump on Sunday said foreign workers sent to the United States are "welcome" and he doesn't want to "frighten off" investors, 10 days after hundreds of South Koreans were arrested at a work site in Georgia.

In a post on his Truth Social platform, the 79-year-old Republican wrote: "I don't want to frighten off or disincentivize investment."

Some 475 people, mostly South Korean nationals, were arrested at the construction site of an electric vehicle battery factory, operated by Hyundai-LG, in the southeastern US state of Georgia on September 4.

Immigration and Customs Enforcement (ICE) officials alleged South Koreans had overstayed their visas or held permits that didn't allow them to perform manual labor.

South Korean President Lee Jae Myung called the raid "bewildering" and warned Thursday that the raid could discourage future investment.

In his post, Trump described the circumstances for temporarily allowing foreign experts into the US to build "extremely complex products."

"Chips, Semiconductors, Computers, Ships, Trains, and so many other products that we have to learn from others how to make, or, in many cases, relearn because we used to be great at it, but not anymore," Trump wrote.

Korea's trade unions have called on Trump to issue an official apology.

Click to expand...
Boo hoo. He should have thought of that before going rogue.
 
You must log in or register to reply here.
Back
Top