According to South Korean media reports on April 16, citing unnamed industry sources, LG Electronics has recently scrapped its plans to expand TV and home appliance production facilities in Vietnam, Indonesia, and Poland. The decision comes in response to high U.S. tariffs—46% on Vietnamese imports and 32% on Indonesian imports—which have significantly eroded LG’s cost advantages in these regions.

In light of these challenges, LG is reassessing its global manufacturing footprint to optimize cost structures and enhance competitiveness in the U.S. market. The company is reportedly considering ramping up production at its appliance plants in Mexico and Tennessee, USA, to better serve American consumers.

Source:World's Climate