Seoul: U.S. President Donald Trump announced that businesses which had relocated to countries like South Korea and Japan are returning to the United States. This statement came during his visit to a General Motors facility in Michigan, where he highlighted his administration's initiatives to boost American manufacturing through tariffs and strategic measures.

According to Yonhap News Agency, Trump emphasized that automakers and other industries that manufacture their products domestically will not be subjected to tariffs. He asserted that the U.S. is experiencing a surge in plant constructions surpassing any other nation, as many companies that previously moved operations to foreign countries, such as Germany, Mexico, Japan, and South Korea, are now returning to the U.S.

Trump defended his tariff strategy aimed at reducing trade deficits and bolstering domestic manufacturing. He referenced the implementation of a 25 percent tariff on foreign automobiles, describing it as an unprecedented move by any U.S. president. Trump reiterated that companies manufacturing their vehicles within the U.S. would not incur tariffs, underscoring the financial benefits of domestic production.

The President concluded by reiterating the zero-tariff policy for manufacturers producing in U.S. facilities, such as those in Michigan, promoting the economic advantage of keeping production within American borders.