Companies eye US expansion to cushion fallout from tariffs

NST Fri, Apr 18, 2025 07:27pm - 1 week View Original


Some companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the impact of President Donald Trump's sweeping tariffs. - REUTERS pic

KUALA LUMPUR: Some companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the impact of President Donald Trump's sweeping tariffs.

Below are some of the plans companies have flagged.

BARRY CALLEBAUT The chocolate maker is planning to increase its US-based production to fend off effects of the "disruptive environment", its CEO said on April 10.

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.

CAMPARI The Italian spirits group is assessing opportunities to expand US production, its CEO said on March 5.

COMPAL ELECTRONICS The Taiwanese contract laptop maker may expand into the US and has spoken to several southern states about a possible investment, its CEO said in January.

DISCOVERIE The electronic component manufacturer said on April 16 it will shift more production to the US and pass on higher costs for its customised products.

ESSITY The Swedish hygiene product maker could move more of its production into the US from Mexico and Canada, its CEO said in January.

HONDA MOTOR Honda will shift production of its US-bound five-door Civic hybrid model from Japan to Indiana, its spokesperson said on April 16. A day earlier the Nikkei newspaper reported the Japanese carmaker plans to move some production into the US, aiming to make 90 per cent of cars sold in the country locally.

HYUNDAI MOTOR The South Korean automaker plans to further localise production in the US and make hybrid vehicles at its new factory in Georgia, it said in January.

ILLYCAFFE The Italian premium coffee maker will look at building a plant in the US if it gets caught up in tariffs, its CEO said on April 1.

INVENTEC The Taiwanese company, which makes AI servers that use Nvidia chips, is evaluating locations for a US investment, favouring Texas, its president said in January.

KIA The South Korean automaker plans to produce hybrid vehicles at its affiliate Hyundai Motor's new US factory starting in mid-2026 as it seeks to meet growing demand, Kia's chief executive Song Ho-sung said in March.

LAVAZZA The Italian coffee maker will press ahead with its US expansion, it said on April 3. Lavazza, which produces locally around half of what it sells in the U.S., plans to increase this output to 100 per cent.

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 US, its chairwoman said on April 9.

LVMH The luxury conglomerate is "seriously considering" bulking up its US production capacities, its CEO said in January.

NISSAN MOTOR The Japanese automaker is considering shifting some domestic production of US-bound vehicles there, the Nikkei reported on April 5. Its executives later said the company has the space to expand production in the United States.

NOVARTIS The Swiss drugmaker plans to spend $23 billion to build and expand 10 facilities in the US, it said on April 10.

POSCO The South Korean steelmaker is considering joining a project by Hyundai Steel to build a $5.8 billion plant in Louisiana, news reports said on April 13.

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.

STELLANTIS The Chrysler parent is moving forward with plans to build a new midsize pickup truck in Belvidere, Illinois, it said in January.

TSMC The Taiwanese chipmaker is expanding investment in the US, planning to build five chip facilities there in coming years, its CEO said in March.

VOLKSWAGEN Volkswagen's Audi brand will expand production in North America with a focus on its most important cars for the US market and will make a decision on where to base itself this year, Audi CEO said in February. VW CFO said in January it planned to produce more in the U.S.

VOLVO CARS Volvo Cars may move some production to the US depending on tariffs, its CEO said on March 5. The Swedish company will need up to two years to expand its car production there, its CEO Hakan Samuelsson told daily Dagens Nyheter on April 11. 

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Andre V
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So how those soybean, wheat and beef farmers doing?

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