South Korean electronics giants Samsung and LG are considering strategically moving some of their home appliance manufacturing operations from Mexico to the United States. According to Reuters, there were recent reports that both companies are seeking to mitigate the potential impact of a possible 25% tariff on imports from Canada and Mexico, as U.S. President Donald Trump considers it.
Samsung Electronics is evaluating moving its dryer production from Mexico to a plant in South Carolina. Meanwhile, LG Electronics is evaluating a similar move at its refrigerator manufacturing, possibly relocating it to a factory in Tennessee that already makes washers and dryers.
This strategic move is underlined by IndexBox data, which highlights changes in global manufacturing and trade patterns, underscoring the importance of production system agility and adaptability to geopolitical factors.
Both companies said they would continue to respond to market changes, with Samsung saying it planned to closely monitor developments and adjust its international operations accordingly. Likewise, LG Electronics aims to adapt its production systems and locations in response to changing market demands and regulatory conditions.
Source: IndexBox Market Intelligence Platform
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