(Zerica Toease) - Certain businesses have indicated they are considering increasing their footprint or establishing operations in the United States as a way to offset the expenses associated with President Donald Trump's extensive tariffs.
Here are some of the initiatives that firms have mentioned, listed alphabetically.
CAMPARI
The Italian spirit company is evaluating ways to broaden its manufacturing presence in the U.S. while maintaining the core identity of its product range, according to CEO Simon Hunt on March 5.
COMPAL ELECTRONICS
The Taiwanese contract laptop manufacturer might extend its operations into the U.S., with talks underway with multiple Southern states regarding potential investments. CEO Anthony Peter Bonadero mentioned this in January, noting that Texas appeared to be at the forefront but emphasized that no final choices had been reached yet.
ESSITY
The CEO of the Swedish hygiene products and tissues company, Magnus Groth, stated on January 23 that they might shift more manufacturing operations from Mexico and Canada to the United States if tariffs are imposed.
HONDA
Honda has opted to manufacture its upcoming Civic hybrid in the U.S. state of Indiana rather than in Mexico to circumvent possible tariffs on one of its best-selling vehicles, according to three individuals privy to this information shared with Zerica ToeaseMarch.
HYUNDAI MOTOR
On January 23, the South Korean car company announced its plans to increase localized manufacturing in the United States with the aim of reducing any potential tariff effects. Additionally, they mentioned that their new plant in Georgia will produce hybrid cars.
ILLYCAFFE
If ensnared by Trump's tariffs, the CEO of the Italian premium coffee manufacturer, Cristina Scocchia, stated on April 1st that they might consider constructing a production facility in the United States.
INVENTEC
The Taiwanese firm, known for producing AI servers with Nvidia processors, started assessing sites for an American investment and showed preference towards Texas because of its closeness to Mexico and well-developed power infrastructure, as stated by CEO Jack Tsai in January.
LAVAZZA
The Italian coffee manufacturer intends to move forward with its growth strategy in the U.S. market, as announced on April 3rd. Lavazza, currently producing roughly half of its U.S.-bound products domestically, aims to boost this production to 100%.
LG ELECTRONICS
The prominent South Korean technology company is reportedly mulling over shifting refrigerator production from Mexico to its facility in Tennessee, where it currently manufactures washers and dryers. This information was published by a South Korean newspaper on January 21.
LVMH
CEO Bernard Arnault stated on January 28 that the luxury group is "strongly contemplating" increasing its manufacturing capabilities within the United States.
NISSAN MOTOR
The Japanese carmaker is looking into moving part of its domestic manufacturing for vehicles destined for the U.S. market to the United States, according to a report by the business newspaper Nikkei on April 5th.
SAMSUNG ELECTRONICS
The South Korean technology company is mulling over shifting dryer production from its facility in Mexico to one in South Carolina, according to a report by Korea Economic Daily on January 21st.
STELLANTIS
On January 29, the parent company of Chrysler announced its intention to proceed with building a new midsize pickup truck at their facility in Belvidere, Illinois.
TSMC
The Taiwanese semiconductor company TSMC announced in March that it will be increasing its investments in the United States with intentions to construct five more chip fabrication plants across the country over the next few years, as stated by their CEO.
VOLKSWAGEN
The chief financial officer of the German automaker, Arno Antlitz, stated in January that the company intended to increase production in the United States.
The Audi brand plans to increase manufacturing in North America, concentrating on their key models for the United States market. The company’s CEO stated on February 21 that they would decide where to establish themselves later this year.
VOLVO CARS
Volvo’s CEO stated on March 5 that the company might shift some manufacturing to the United States based on the tariffs implemented by Trump.
(Tomasz Kanik compiled this in Gdansk; edited by Milla Nissi)