Trump announces Audi plan for 5.6 trillion won investment at Georgia rally

[Financial News] Donald Trump said German automaker Audi will invest $4.2 billion (about 5.573 trillion won) to build a plant in Georgia.
On the 24th (local time), President Trump delivered a speech at a midterm election campaign rally in support of Republicans in Perry, Georgia, and said, “Audi has decided to invest $4.2 billion in Macon, Georgia, and begin construction next month on a large plant that will produce 200,000 cars a year.” He claimed, “This is the largest single investment in the history of the U.S. auto industry.” He added, “Audi would not have come to the United States without tariffs,” emphasizing that his tariff policy was drawing investment in the United States from foreign companies.
Audi CEO Gernot Döllner also took the stage and said, “We plan to produce our largest and most premium SUV in Macon, Georgia,” adding, “This is a long-term investment made because we believe in the U.S. market.”President Trump also highlighted support for Georgia farmers. He said, “We provided farmers with $12 billion (about 15.9228 trillion won) to compensate them for damage caused by unfair foreign trade practices, and $212 million (about 281.3 billion won) of that will go to farmers in Georgia.” On rising oil prices resulting from the war with Iran, President Trump claimed, “Once the war ends, they will fall dramatically in a short period,” and “the U.S. oil and gas industry is making hundreds of billions of dollars.” He acknowledged that the government could face criticism for boasting about energy-industry profits while Americans suffer from high oil prices, but emphasized, “We’re making a tremendous amount of money.”

Also that day, President Trump targeted Democratic candidate and Senator Jon Ossoff, criticizing him for having “supported policies that led to illegal immigration and high prices, among other things,” and calling him “a disgrace to Georgia.” He then urged support for Republican Senate candidate Mike Collins and gubernatorial candidate Rick Jackson, saying, “Think of me as being on the ballot.”[email protected] Hong Chae-wan Reporter