US tariffs: how Trump’s tax is hitting Big Tech and beyond
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LG might raise US prices and move production to offset Trump’s tariffs.
“We are optimizing our production locations and also considering price hikes,” said Lucky Goldstar’s senior vice president Kim I-kueon. South-Korea based LG might move the manufacturing of home appliances like washers and dryers to its factory in Tennessee, where it could cover nearly one-fifth of LG’s total home appliance sales in the US market.
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