Samsung weighs relocating dryer production to US in response to Trump tariffs

Published On Jan 21, 2025, 8:36 AM

Samsung is considering relocating its dryer production from Mexico to the U.S. due to potential new tariffs proposed by Trump on imports from Canada and Mexico. The move could allow Samsung to avoid tariffs and improve production efficiency by sourcing materials locally. LG is also contemplating relocating some of its operations for similar reasons. This change could positively influence job creation in the U.S. and investor sentiment towards these companies.