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US tariffs: how Trump’s tax is hitting Big Tech and beyond

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Thomas Ricker
LG might raise US prices and move production to offset Trump’s tariffs.

“We are optimizing our production locations and also considering price hikes,” said Lucky Goldstar’s senior vice president Kim I-kueon. South-Korea based LG might move the manufacturing of home appliances like washers and dryers to its factory in Tennessee, where it could cover nearly one-fifth of LG’s total home appliance sales in the US market.

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