Samsung’s Trump-Inspired Move May Shift Fridges, not TVs — Panjiva
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Samsung’s Trump-Inspired Move May Shift Fridges, not TVs

Industrials - Capital Goods 619 Info Tech - Tech Hardware 861 Mexico 928 Trade Deals 1017 U.S. 5398

Samsung Electronics is considering building a U.S. factory in response to the Trump administration’s protectionist stance, Reuters reports. This would likely come at the expense of Mexican manufacturing of home appliances. Panjiva data shows total Mexican exports of consumer electronics – including TVs and PC displays – to the U.S. already fell 10% in 2016 vs. 2015 to $39 billion, while shipments of appliances such as fridges and washers climbed 10% to $6 billion. Samsung Electronics is likely the largest exporter in a group that includes Sony and Whirlpool among others.

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