Economic issues, however, have clearly been front and center on Mr. Biden’s mind throughout his trip to South Korea and Japan. With prices rising, stock markets falling and fears of recession spreading at home, the president is eager to demonstrate that he is focused on stabilizing the economy, especially with midterm elections five months away.
Before flying to Tokyo on Sunday, Mr. Biden joined Euisun Chung, executive chairman of Hyundai Motor Group, to celebrate the company’s plan to build a new $5.5 billion electric vehicle and battery manufacturing plant in Savannah, Ga. Mr. Biden said the factory would result in 8,000 jobs, continuing the administration’s strategy of pointing to job growth as Republican lawmakers escalate attacks over high inflation.
“These investments are part of a trend by my administration,” Mr. Biden said, adding that it would help the White House make good on its clean-energy commitments. “Manufacturing jobs are coming back to America.”
Such announcements often have a political component. Mr. Biden framed the investment as a result of work by his administration and the Democratic senators from Georgia, Raphael Warnock and Jon Ossoff.