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INTERNATIONAL TRADE: Trump-"If Companies Move To US, There Are No Tariffs"

INTERNATIONAL TRADE
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Posting on the Truth Social platform, US President Donald Trump says, "IF COMPANIES MOVE TO THE UNITED STATES, THERE ARE NO TARIFFS!!!". 

  • Reports in recent months have raised the trend of both US-owned firms with production based overseas or foreign firms that rely strongly on the US market for demand, contemplating shifting production to the US to avoid being targeted by the Trump administration.
  • On 3 March, Anadolu Agency wrote "Major South Korean companies are assessing ways to minimize the impact of new US tariffs on imports from Canada and Mexico, with some considering relocating production to the United States, officials said Sunday. [...] South Korean electronics giants LG Electronics and Samsung Electronics, which have manufacturing operations in the affected countries, are exploring options to bypass the tariffs."

  • In January, CNBC reported that a "record share of U.S. companies in China are accelerating their plans to relocate manufacturing or sourcing, according to a business survey [...]. About 30% of the respondents considered or started such diversification in 2024, surpassing the prior high of 24% in 2022, according to annual surveys from the American Chamber of Commerce in China."

     

 
 
 
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Posting on the Truth Social platform, US President Donald Trump says, "IF COMPANIES MOVE TO THE UNITED STATES, THERE ARE NO TARIFFS!!!". 

  • Reports in recent months have raised the trend of both US-owned firms with production based overseas or foreign firms that rely strongly on the US market for demand, contemplating shifting production to the US to avoid being targeted by the Trump administration.
  • On 3 March, Anadolu Agency wrote "Major South Korean companies are assessing ways to minimize the impact of new US tariffs on imports from Canada and Mexico, with some considering relocating production to the United States, officials said Sunday. [...] South Korean electronics giants LG Electronics and Samsung Electronics, which have manufacturing operations in the affected countries, are exploring options to bypass the tariffs."

  • In January, CNBC reported that a "record share of U.S. companies in China are accelerating their plans to relocate manufacturing or sourcing, according to a business survey [...]. About 30% of the respondents considered or started such diversification in 2024, surpassing the prior high of 24% in 2022, according to annual surveys from the American Chamber of Commerce in China."