Samsung, LG may move some home-appliance manufacturing from Mexico to US

[DonGlock26]

"Samsung, LG may move some home-appliance manufacturing from Mexico to US
SEOUL (Reuters) - South Korea's Samsung Electronics and LG Electronics are considering moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported on Tuesday.

The review comes as U.S. President Donald Trump said he was considering imposing 25% duties on imports from Canada and Mexico on Feb. 1.

Samsung Electronics is considering moving the manufacturing of dryers from its plant in Mexico to its plant in South Carolina, Korea Economic Daily reported, citing unnamed industry sources.

LG Electronics is also considering moving the manufacturing of refrigerators from Mexico to its factory in Tennessee, which makes washing machine and dryers, the newspaper said."

Samsung, LG may move some home-appliance manufacturing from Mexico to US, paper says

South Korea's Samsung Electronics and LG Electronics are considering moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported on Tuesday. The review comes as U.S. President Donald Trump said he was considering imposing 25%...

finance.yahoo.com

Sounds like more winning is in the air. Tariffs has foreign manufacturers rethinking where they build goods.
Trump manufacturing jobs beat Biden's part time Uber gigs everytime.

 

[initforme]

Good and bring on the double wages!!

 

[Dr.Destructo]

Thats what REAL economists have been stating for the past however many terms theres been a Dem president since the 70's.......is in order to KEEP businesses HERE, you need to make it EXPENSIVE for them to move out of the country.

And the easiest way to do that, is hike up tarrifs on outside goods, and drop them for inside goods.

 

[shockedcanadian]

They may have to.move all of their plants and families as S Korea is fast becoming a vassal of the.CCP. Another slow, grinding victory by the MSS.

 

[Dr.Destructo]

They may have to.move all of their plants and families as S Korea is fast becoming a vassal of the.CCP. Another slow, grinding victory by the MSS.

Good point.
I'd prefer all these hard working S Koreans come over here, rather than all these criminals slithering in from the Southern border.

 

[JGalt]

Good and bring on the double wages!!

It's not our responsibility to make sure foreigners earn a good wage. We should be doing that for Americans instead.

 

[initforme]

It's not our responsibility to make sure foreigners earn a good wage. We should be doing that for Americans instead.

Agreed. I'm for 2x even 3x the wages for same exact work here done in america.

 

[Marener]

"Samsung, LG may move some home-appliance manufacturing from Mexico to US
SEOUL (Reuters) - South Korea's Samsung Electronics and LG Electronics are considering moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported on Tuesday.

The review comes as U.S. President Donald Trump said he was considering imposing 25% duties on imports from Canada and Mexico on Feb. 1.

Samsung Electronics is considering moving the manufacturing of dryers from its plant in Mexico to its plant in South Carolina, Korea Economic Daily reported, citing unnamed industry sources.

LG Electronics is also considering moving the manufacturing of refrigerators from Mexico to its factory in Tennessee, which makes washing machine and dryers, the newspaper said."

Samsung, LG may move some home-appliance manufacturing from Mexico to US, paper says

South Korea's Samsung Electronics and LG Electronics are considering moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported on Tuesday. The review comes as U.S. President Donald Trump said he was considering imposing 25%...

finance.yahoo.com

Sounds like more winning is in the air. Tariffs has foreign manufacturers rethinking where they build goods.
Trump manufacturing jobs beat Biden's part time Uber gigs everytime.

This was of course always possible, but the number of jobs created versus the cost to consumers is going to be ridiculous.

We’d be better off just paying them to stay home and keep importing the goods.

 

[CowboyTed]

"Samsung, LG may move some home-appliance manufacturing from Mexico to US
SEOUL (Reuters) - South Korea's Samsung Electronics and LG Electronics are considering moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported on Tuesday.

The review comes as U.S. President Donald Trump said he was considering imposing 25% duties on imports from Canada and Mexico on Feb. 1.

Samsung Electronics is considering moving the manufacturing of dryers from its plant in Mexico to its plant in South Carolina, Korea Economic Daily reported, citing unnamed industry sources.

LG Electronics is also considering moving the manufacturing of refrigerators from Mexico to its factory in Tennessee, which makes washing machine and dryers, the newspaper said."

Samsung, LG may move some home-appliance manufacturing from Mexico to US, paper says

South Korea's Samsung Electronics and LG Electronics are considering moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported on Tuesday. The review comes as U.S. President Donald Trump said he was considering imposing 25%...

finance.yahoo.com

Sounds like more winning is in the air. Tariffs has foreign manufacturers rethinking where they build goods.
Trump manufacturing jobs beat Biden's part time Uber gigs everytime.

Really...

First off... It will take over 4 years to move these type of plants (picking a location alone takes 18 months at least)...

So announcing that you are thinking about it for 6-12 months...
Then 18 months later say you have picked a spot and are negotiating tax breaks, permits,....

Trump looses Congress and they can tell him to goto hell...
Bu lets say that Trump retains congress and the Senate...

They then start issuing tenders for site preparation... the is 6 months...
Then a year preparing a site... (minimum money spent)

At that stage it 6 months before a presidential election...

https://www.cnbc.com/2018/06/28/trump-heads-to-wisconsin-to-tout-a-new-foxconn-plant-while-harley-dav.html

Everything you need to know about Foxconn in Wisconsin

Get caught up on Foxconn’s progress, or lack thereof

www.theverge.com

Never built...

 

[hadit]

"Samsung, LG may move some home-appliance manufacturing from Mexico to US
SEOUL (Reuters) - South Korea's Samsung Electronics and LG Electronics are considering moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported on Tuesday.

The review comes as U.S. President Donald Trump said he was considering imposing 25% duties on imports from Canada and Mexico on Feb. 1.

Samsung Electronics is considering moving the manufacturing of dryers from its plant in Mexico to its plant in South Carolina, Korea Economic Daily reported, citing unnamed industry sources.

LG Electronics is also considering moving the manufacturing of refrigerators from Mexico to its factory in Tennessee, which makes washing machine and dryers, the newspaper said."

Samsung, LG may move some home-appliance manufacturing from Mexico to US, paper says

South Korea's Samsung Electronics and LG Electronics are considering moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported on Tuesday. The review comes as U.S. President Donald Trump said he was considering imposing 25%...

finance.yahoo.com

Sounds like more winning is in the air. Tariffs has foreign manufacturers rethinking where they build goods.
Trump manufacturing jobs beat Biden's part time Uber gigs everytime.

And that's one of the things that tariffs are designed to do.

 

[SweetTea]

This was of course always possible, but the number of jobs created versus the cost to consumers is going to be ridiculous.

We’d be better off just paying them to stay home and keep importing the goods.

Competition will do wonders. Also, Mexico and other countries are in no position to economically retaliate. They will kow-tow to the US demands. Wait and see. The EU CEO’s in Davos at the WEF are shaking in their boots. They know that they are unable to compete with the US and they recognize the spending power of the US consumer, which is by far and away the most in the world.

Democrats have had this idea that the US is inferior pounded into their heads via our educational system that they aren’t aware of the economic power we can wield if we so choose. Democratic politicians routinely negotiate from a position of weakness because they are misinformed and indoctrinated to do so. Trump has the exact opposite strategy. We need him for 4 years and Vance or some other Republican willing to do the same for 8 years following. 12 years of pro-US leadership as opposed to anti-US leadership will put the US so far ahead that even a Democrat couldn’t screw it up in just 4 years.

 

[hadit]

Really...

First off... It will take over 4 years to move these type of plants (picking a location alone takes 18 months at least)...

So announcing that you are thinking about it for 6-12 months...
Then 18 months later say you have picked a spot and are negotiating tax breaks, permits,....

Trump looses Congress and they can tell him to goto hell...
Bu lets say that Trump retains congress and the Senate...

They then start issuing tenders for site preparation... the is 6 months...
Then a year preparing a site... (minimum money spent)

At that stage it 6 months before a presidential election...

https://www.cnbc.com/2018/06/28/trump-heads-to-wisconsin-to-tout-a-new-foxconn-plant-while-harley-dav.html

Everything you need to know about Foxconn in Wisconsin

Get caught up on Foxconn’s progress, or lack thereof

www.theverge.com

Never built...

And if the manufacturers are thinking that way, they don't even start the process. If they start the process, obviously they think the tariffs are going to stick. We'll see if their analysts make a better call than you do.

 

[Marener]

Competition will do wonders. Also, Mexico and other countries are in no position to economically retaliate. They will kow-tow to the US demands. Wait and see. The EU CEO’s in Davos at the WEF are shaking in their boots. They know that they are unable to compete with the US and they recognize the spending power of the US consumer, which is by far and away the most in the world.

Democrats have had this idea that the US is inferior pounded into their heads via our educational system that they aren’t aware of the economic power we can wield if we so choose. Democratic politicians routinely negotiate from a position of weakness because they are misinformed and indoctrinated to do so. Trump has the exact opposite strategy. We need him for 4 years and Vance or some other Republican willing to do the same for 8 years following. 12 years of pro-US leadership as opposed to anti-US leadership will put the US so far ahead that even a Democrat couldn’t screw it up in just 4 years.

Musk told us that Americans are inferior.

Elon Musk Agrees With Tweet Saying Americans Aren't Smart Enough for Tech Jobs

Laura Loomer and other MAGA faithful who are critical of Musk have lost their verification checkmarks.

gizmodo.com

According to MAGA Americans are only capable of low skill manufacturing jobs.

 

[Marener]

We’ve been through this before.

Anyone who thinks this is a good deal for America is a dope.

Trump’s Washing Machine Tariffs Cost Consumers $800,000 Per Job Created

If the Dealmaker-in-Chief thinks it’s a good deal to force US consumers to pay $820,000 annually in higher costs to create a new $43,000-per-year factory job, then he might have to re-think his deal-making strategies. The costs to American consumers exceeds the value of each new job by a factor...

fee.org

 

[pknopp]

We've seen these "may" do this or "may" do that before and nothing good happened.

 

[SweetTea]

Musk told us that Americans are inferior.

Elon Musk Agrees With Tweet Saying Americans Aren't Smart Enough for Tech Jobs

Laura Loomer and other MAGA faithful who are critical of Musk have lost their verification checkmarks.

gizmodo.com

According to MAGA Americans are only capable of low skill manufacturing jobs.

Our educational system is pretty bad, particularly in the areas of STEM. Maybe if we would stop worrying about all the fluff, woke stuff, we could catch back up. It will also help to reward students based on merit, instead of identity politics. In the short term, we do likely need to bring in educated professionals from other countries that are far more pragmatic in their approach to education. Keep in mind that the US requires more highly educated people than many other countries because we have the most successful, high tech companies in the world.

 

[BluesLegend]

Wait a minute, Obama and Biden and all the Dems said those jobs are never coming back. I guess we just needed a president who is for American workers.

 

[hadit]

Wait a minute, Obama and Biden and all the Dems said those jobs are never coming back. I guess we just needed a president who is for American workers.

They can't come back in the numbers they once were because of automation. Whereas hundreds of thousands were once needed to, for example, work an assembly line to manufacture cars, far fewer are needed today to monitor the machines that work around the clock without breaks, vacation or sick time. When machines are cheaper, they will always get the job.

 

[hadit]

Musk told us that Americans are inferior.

Elon Musk Agrees With Tweet Saying Americans Aren't Smart Enough for Tech Jobs

Laura Loomer and other MAGA faithful who are critical of Musk have lost their verification checkmarks.

gizmodo.com

According to MAGA Americans are only capable of low skill manufacturing jobs.

What conclusion do you draw when you look at the quality of our educational system in the STEM fields compared to other countries that spend far less per student?

 

[BluesLegend]

They can't come back in the numbers they once were because of automation. Whereas hundreds of thousands were once needed to, for example, work an assembly line to manufacture cars, far fewer are needed today to monitor the machines that work around the clock without breaks, vacation or sick time. When machines are cheaper, they will always get the job.

Sorry, I was just reading about all the thousands of high paying union Keystone pipeline jobs that are coming back because Trump is now POTUS, what?