LG Electronics is adjusting its refrigerator production volumes for export to the U.S. in response to the expiration of the mutual tariff suspension by the U.S. The company is reducing production at its Vietnam factory due to a high tariff of 46% imposed by the U.S., and increasing production at its Mexico factory, which benefits from a lower tariff of 25% under the United States-Mexico-Canada Agreement (USMCA). LG Electronics is also considering various scenarios, including relocating major appliance production to the U.S. or increasing prices.
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Auto-posted at: 2025-05-12 21:05:11