US tariffs: how Trump’s tax is hitting Big Tech and beyond
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Samsung might relocate TV and appliance production to avoid Trump tariffs.
Rival LG said it first, now Samsung says it might relocate manufacturing of its Visual Display and Digital Appliance business units. ”[We] plan to minimize the impact of tariffs by ... relocating production of some volumes for VD and DA businesses, using our global manufacturing bases, if necessary,” said CFO Park Soon-cheol.
According to Nikkei, most of the TVs Samsung sells in the US are made in Mexico, though it also has a production unit in California. The company makes home appliances like refrigerators, washers, and driers in South Carolina and Mexico.
Samsung mulls shifting some production due to Trump tariffs
[asia.nikkei.com]
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