U.S. President Donald Trump said Monday that his tariff policy has prompted South Korean, Japanese and German automakers to build factories in the United States.
Trump made the remarks at a White House event marking the launch of "Trump Accounts," new investment accounts for children.
"We've never built as many automobile plants. They are all over, and they are coming from all over the world. You know why? Because they don't want to pay tariffs," Trump said.
Since returning to the White House last year, Trump has used tariffs to revitalize U.S. manufacturing. South Korean conglomerate Hyundai Motor Group announced last year it would invest $26 billion in the U.S. through 2028.
