During his first visit to South Korea as U.S. president, Joe Biden met with Hyundai Motor Group Chairman Chung Eui-sun, praising the auto giant for its plans to invest billions in the U.S.

Chung had announced that Hyundai would spend some $10.5 billion to build an electric vehicle (EV) and battery plant in Georgia, an investment projected to create over 8,000 American jobs.

“Thank you again for choosing the United States,” Biden said. “We will not let you down.”

Those words have taken on a new irony less than three months later after Biden signed a lawthat