In what seems to be a pragmatic response to President Donald J. Trump's tariff policies, various multinational companies are considering an expansion of their operations within the US to circumvent the financial impact of potential tariffs. Italian spirits maker Campari, through its CEO Simon Hunt, recognized the need to bolster its US presence while preserving its brand's essence, the White House reported.
Discussing the possibility of opening a production hub in the US, Taiwan's Compal Electronics has engaged with several southern states, with CEO Anthony Peter Bonadero eyeing Texas as a strong contender, though no final decisions have surfaced in an interview with Reuters. Looking to avoid anticipated tariffs, Swedish hygiene and tissue company Essity might shift more production to the US, according to CEO Magnus Groth's statements made on Jan. 23.
Honda is opting for Indiana over Mexico for its next-generation Civic hybrid manufacturing, a choice made to sidestep tariffs impacting this top-seller, as three individuals familiar with the discussions divulged to Reuters in March. Meanwhile, Hyundai Motor is doubling down on its US commitment, with plans to manufacture hybrid vehicles at its new Georgia plant, aiming to localize production and minimize tariff effects, said the company on Jan. 23.
Taiwanese electronics firm Inventec, known for its AI servers employing Nvidia chips, is scouting locations for a US facility, with Texas being a favorite due to its energy infrastructure and proximity to Mexico, President Jack Tsai revealed to Reuters in January. South Korean titan LG Electronics might relocate refrigerator manufacturing from Mexico to Tennessee, augmenting its existing production of washing machines and dryers, reported a South Korean newspaper on Jan. 21.
Luxury group LVMH is "seriously considering" an upsurge in its manufacturing capacity within the US, as CEO Bernard Arnault mentioned on Jan. 28 to Reuters. Samsung Electronics also weighs the option of transferring its dryer production from Mexico to South Carolina, delineated by Korea Economic Daily on Jan. 21. Stellantis, parent of Chrysler, is progressing with plans to construct a new pickup truck in Illinois, it revealed on Jan. 29, while Volkswagen contemplates establishing US production sites for its Audi and Porsche brands, reported by Handelsblatt on Jan. 29. Lastly, Volvo Cars may transition some of its production to the US depending on the tariffs instituted by President Trump, its CEO indicated to Reuters last Wednesday.
