Samsung is reportedly thinking about setting up a new manufacturing plant in the United States for home appliances. It might do that in response to the threat of additional import taxes on products manufactured outside the country for consumers inside the United States. Some companies are now thinking about setting up plants in the United States in order to avoid those taxes and Samsung is believed to be one of them.
The report mentions that Samsung hasn’t decided the scale of this investment as yet so it’s not clear right now which appliances it will manufacture in the United States and in what numbers. Samsung hasn’t shied away from investing in the United States. It has spent $17 billion so far on a chip plant in Austin, Texas.
The company hasn’t really commented on this report by Reuters but it did say that it will continue to evaluate new investment needs in the United States that can help it best serve its customers.
It merits mentioning here that companies based in South Korea haven’t been directly threatened with additional import taxes by the administration but they are taking pre-emptive measures. LG and Hyundai have both started talking about the possibility of setting up a new plant in the United States. It will certainly not be surprising at all if Samsung decided to do the same.
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