channelnews : LG Finds ‘Work around’ For Potential Trump Tariff Hit

channelnews : LG Finds ‘Work around’ For Potential Trump Tariff Hit

LG Electronics is likely to relocate some of its production from Mexico to the U.S as they desperately search for a way to reduce the impact of tariffs on products going into the US market where they have strong consumer market share. KB Securities analyst Jeff Kim claims that the move is in response to President Trump’s reciprocal tariffs. The South Korean consumer-electronics giant has recently completed expanding and adjusting assembly lines …

Donald Trump's second administration came loaded with tariff measures on imports entering U.S. soil.This trade policy translates into lower profitability for Costa Rica's exports, according to Deloitte's latest analysis.The study Impact of possible U.S. tariffs on the economy of Costa Rica also contemplated the effect that the extension of the tax reform of Tax Reduction and Employment will have, which decreases the corporate tax rate to 15% in …

Uncertainty over U.S. tariffs surrounds Costa Rica

QCOSTARICA — The possibility that United States President Donald Trump will impose a 25% tariff on all imports from Mexico, Canada, and China is generating great uncertainty in the markets, and Costa Rica is no exception. According to economist Emmanuel Agüero at an event organized by the British-Costa Rican Chamber of Commerce (BritCham) in San José, the expert noted that, “The main effect is that domestic products will increase in price, and t…