Companies seek to expand to US to mitigate the consequences of tariffs

Some companies affirmed that they are considering expanding their presence or settling in the United States to mitigate the costs of the wide tariffs of President Donald Trump.

Next, there are some of the plans that companies indicated that they can implement:

HONDA

Honda decided to produce its next -generation hybrid civic in the American state of Indiana, instead of Mexico, to avoid possible tariffs on one of its best -selling models, according to three people familiar with the matter in March.

HYUNDAI

The South Korean automobile manufacturer announced on January 23 that it planned to further locate production in the US to minimize the impact of tariffs. He also announced that he would manufacture hybrid vehicles on his new Georgia floor.

Illycaffe

The Italian Coffee maker will consider building a plant in the US if it is affected by Trump’s tariffs, according to its executive director, Cristina Scocchia, on April 1.

INVENTEC

The Taiwanese company, manufacturer of artificial intelligence servers that use Nvidia chips, began evaluating locations to invest in the US, prioritizing Texas for their proximity to Mexico and its electrical infrastructure, according to President Jack Tsai in January.

Lavazza

The Italian coffee maker plans to boost its expansion in the US market, as announced by the company on April 3. Lavazza, which produces around half of what it sells in the US, plans to increase this 100%production.

LG ELECTRONICS
The South Korean giant of electronics is considering transferring the manufacture of refrigerators from Mexico to its plant in Tennessee, where washing machines and dryers are manufactured, according to a South Korean newspaper on January 21.

LUXSHARE

The Apple provider is in conversations with customers about how to respond to American tariffs moving more production outside China, including the United States, according to its president to analysts in a phone call on April 9.

You are interested: Stellantis partially suspends its production in Mexico after Trump tariffs

Companies would move their productions to the US to avoid tariffs

LVMH
The luxury conglomerate is “seriously considering” increasing its production capacity in the US, said its executive director, Bernard Arnault, on January 28.

NISSAN

The Japanese car manufacturer is considering moving part of the national vehicle production to the US, according to the Nikkei Economic newspaper on April 5.

SAMSUNG ELECTRONICS

The South Korean technological giant is considering transferring the manufacture of dryers of its Mexican plant to its plant in South Carolina, according to Korea Economic Daily on January 21.

Stellantis

Chrysler’s parent company advances with its plans to build a new medium truck in Belvidere, Illinois, as announced on January 29.

TSMC

The Taiwanese manufacturer of TSMC chips is expanding its investment in the US and plans to build five additional chip plants there in the coming years, according to its executive director in March.

VOLKSWAGEN

The financial director of the German car manufacturer, Arno Antlitz, declared in January that the group planned to increase its production in the United States.

Its Audi brand will expand production in North America, focusing on its most important vehicles for the US market, and will decide where to settle this year, according to its executive director on February 21.

Volvo Cars
Volvo Cars could move part of its production to the US depending on the tariffs imposed by Trump, according to its executive director on March 5.

With Reuters information.

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