LG Electronics Scales Back Vietnamese Production Amid Tariff Concerns

LG Electronics has halved production at its Haiphong, Vietnam, refrigerator plant, anticipating potential risks as the U.S. government’s 46% tariff on Vietnamese goods nears its 90-day suspension deadline. 

The company, which manufactures over 11 million refrigerators annually across Vietnam, Mexico, and India, is shifting output to its Monterrey facility in Mexico to maintain stable U.S. supply while adjusting operations in Vietnam. 

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.