SEOUL (Reuters) – South Korea’s Samsung Electronics and LG Electronics are thinking about relocating some production of home devices from their Mexican plants to their united state plants, a South Korean paper reported on Tuesday.
The evaluation comes as united state President Donald Trump stated he was thinking about enforcing 25% obligations on imports from Canada and Mexico onFeb 1.
Samsung Electronics is thinking about relocating the production of clothes dryers from its plant in Mexico to its plant in South Carolina, Korea Economic Daily reported, mentioning unrevealed sector resources.
LG Electronics is additionally thinking about relocating the production of fridges from Mexico to its manufacturing facility in Tennessee, that makes cleaning device and clothes dryers, the paper stated.
Samsung stated it prepares to keep an eye on the circumstance and react flexibly, as it runs manufacturing bases in several areas of the globe. LG Electronics stated it prepares to reply to adjustments in the marketplace by readjusting the manufacturing system and manufacturing websites.
(Reporting by Joyce Lee and Hyunjoo Jin; Editing by Bernadette Baum)
