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Foreign companies eye expansion in America to lessen tariff fallout

MacDailyNews

Apr 22

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President Donald Trump holds a signed executive order on tariffs, in the Rose Garden at the White House in Washington, D.C., April 2, 2025.

Some non-U.S. companies have said they are looking at expanding their presence or setting up shop in America to mitigate the impact of President Donald Trump’s U.S. import tariffs aimed at reducing trade deficits and promoting reciprocity, boosting domestic manufacturing and job creation, enhancing national security and combating drug trafficking, generating federal revenue, and boosting negotiating leverage for myriad trade deals.

Reuters:
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BMW: BMW considers adding shifts to its Spartanburg plant in South Carolina to boost output by up to 80,000 units, company executives said on April 10.
COMPAL ELECTRONICS: The Taiwanese contract laptop maker may expand into the U.S. and has spoken to several southern states about a possible investment, its CEO said in January.
HONDA: The Japanese carmaker plans to move some car production from Mexico and Canada into the U.S., aiming to make 90% of cars sold in the country locally, the Nikkei reported on April 15.
LG ELECTRONICS: The electronics giant is considering moving the manufacturing of refrigerators from Mexico to its factory in Tennessee, a South Korean newspaper reported in January.
LUXSHARE: The Apple supplier is looking into ways to respond to tariffs by shifting more production outside China, including into the U.S., its chairwoman said on April 9.
SAMSUNG ELECTRONICS: The tech giant is considering moving manufacturing of dryers from Mexico to its plant in South Carolina, Korea Economic Daily reported in January.
TSMC: The Taiwanese chipmaker is expanding investment in the U.S., planning to build five chip facilities there in coming years, its CEO said in March.

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MacDailyNews Note: Apple in February announced plans to invest more than half a trillion dollars and add 20,000 jobs in America over the next four years.

More companies are highlighted in Reuters‘ list here.

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