Samsung: Tariffs drive up costs of appliances

URLhttps://gsabusiness.com/news/manufacturing/75169/
SourceGSA Business Report
Date Published09/12/2018
Author NameLiz Segrist
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Samsung Electronics America
Parent companySamsung Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1000
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2020
Capital investment ($):380
Country(ies) from which reshored:Hong Kong
City reshored to:Newberry County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredwashing machines
What non-domestic negative factors made offshoring less attractive?Tariffs
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives
Find Reshoring Articles