Samsung, LG May Move Some Home-Appliance Manufacturing from Mexico to the U.S.
South Korea’s leading electronics giants, Samsung Electronics and LG Electronics, are reportedly evaluating the possibility of shifting some of their home appliance production from Mexico to the United States. This move is in response to potential new tariffs on imports from Canada and Mexico, following U.S. President Donald Trump’s recent statement about considering a 25% duty on these imports starting February 1.
Key Points:
- Manufacturing Shift: Samsung is considering relocating the production of dryers from its Mexican plant to its facility in South Carolina. Similarly, LG is contemplating moving refrigerator production from Mexico to its factory in Tennessee, which already manufactures washing machines and dryers.
- Tariff Concerns: The review of manufacturing sites is being driven by President Trump’s threat of imposing tariffs on imports from Canada and Mexico, which could impact the companies’ operations.
- Company Responses: Samsung stated it plans to monitor the situation and remain flexible in its response, given its global network of production bases. LG confirmed it is prepared to adjust its production system and sites in response to market changes.
- Production Base Adjustments: Both companies have global operations, and their ability to adjust production locations and strategies will help them mitigate potential disruptions caused by the looming tariffs.
