On the 10th (local time), the White House highlighted the effects of tariff policies implemented by President Donald Trump during his first 50 days in office, mentioning Samsung Electronics, LG Electronics, Hyundai Motor Company, and 12 other multinational corporations. In a press release titled '50 wins in 50 days: Trump delivers for Americans,' the White House noted that 'corporations are seeking to expand into the U.S. market to mitigate the damage caused by tariffs,' specifically referencing the South Korean companies.
The White House emphasized that regarding Hyundai Motor Company, 'the South Korean automaker plans to expand production in the U.S. by January 23 to minimize the impact of tariffs,' adding that 'it will manufacture hybrid vehicles at a new plant in Georgia.'
Citing a report from a South Korean economic newspaper dated January 21, it was said that 'Samsung Electronics, the major technology corporation in South Korea, is considering plans to transfer its dryer manufacturing facility from Mexico to South Carolina, USA.' Currently, Samsung Electronics manufactures refrigerators, washing machines, and dryers in Querétaro, Mexico, and produces TVs in Tijuana, Mexico, selling them in South and North America.
Regarding LG Electronics, it was reported that 'the large South Korean electronics company is considering transferring its refrigerator manufacturing facility in Mexico to a factory in Tennessee that produces washing machines and dryers,' according to a South Korean newspaper on January 21.
Additionally, the White House mentioned that Italian beverage company Campari, Taiwanese electronics firm Compal, Swedish sanitary products company Essity, Japanese automobile manufacturer Honda, Taiwanese artificial intelligence company Inventec, luxury group Louis Vuitton Moët Hennessy (LVMH), and automotive companies Stellantis, Volkswagen, and Volvo are also reviewing cases for expanding production facilities and investments in the U.S.
Previously, on the 2nd of last month, the White House had introduced examples of South Korean corporations, including Hyundai Motor Company, Hyundai Steel, LG Electronics, and Samsung Electronics, while promoting the effects of tariffs. At that time, the White House stated that it had decided to impose a 25% tariff on steel and aluminum and that Hyundai Steel was considering plans to build a steel mill in the U.S.