Headlines
Factbox-Foreign companies eye US expansion to lessen fallout from tariffs
Published by Global Banking & Finance Review®
Posted on January 29, 2025
4 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 29, 2025
4 min readLast updated: January 27, 2026
Foreign companies are expanding in the US to mitigate tariff impacts, with plans from firms like BMW, Hyundai, and Novartis to increase production and investment.
(Reuters) - Some non-U.S. companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the impact of President Donald Trump's sweeping tariffs.
Below are some of the plans flagged by those companies.
BARRY CALLEBAUT
The chocolate maker is planning to increase its U.S.-based production to fend off effects of the "disruptive environment", its CEO said on April 10.
BMW
BMW considers adding shifts to its Spartanburg plant in South Carolina to boost output by up to 80,000 units, company executives said on April 10.
CAMPARI
The Italian spirits group is assessing opportunities to expand U.S. production, its CEO said on March 5.
COMPAL ELECTRONICS
The Taiwanese contract laptop maker may expand into the U.S. and has spoken to several southern states about a possible investment, its CEO said in January.
ESSITY
The Swedish hygiene product maker could move more of its production into the U.S. from Mexico and Canada, its CEO said in January.
HONDA
The Japanese carmaker plans to move some car production from Mexico and Canada into the U.S., aiming to make 90% of cars sold in the country locally, the Nikkei reported on April 15.
HYUNDAI MOTOR
The South Korean automaker plans to further localize production in the U.S. and make hybrid vehicles at its new factory in Georgia, it said in January.
ILLYCAFFE
The Italian premium coffee maker will look at building a plant in the U.S. if it gets caught up in tariffs, its CEO said on April 1.
INVENTEC
The Taiwanese company, which makes AI servers that use Nvidia chips, is evaluating locations for a U.S. investment, favouring Texas, its president said in January.
LAVAZZA
The Italian coffee maker will press ahead with its U.S. expansion, it said on April 3. Lavazza, which produces locally around half of what it sells in the U.S., plans to increase this output to 100%.
LG ELECTRONICS
The electronics giant is considering moving the manufacturing of refrigerators from Mexico to its factory in Tennessee, a South Korean newspaper reported in January.
LUXSHARE
The Apple supplier is looking into ways to respond to tariffs by shifting more production outside China, including into the U.S., its chairwoman said on April 9.
LVMH
The luxury conglomerate is "seriously considering" bulking up its U.S. production capacities, its CEO said in January.
NISSAN MOTOR
The Japanese automaker is considering shifting some domestic production of U.S.-bound vehicles there, the Nikkei reported on April 5.
NOVARTIS
The Swiss drugmaker plans to spend $23 billion to build and expand 10 facilities in the U.S., it said on April 10.
ROCHE
The Swiss pharma giant will invest $50 billion in the U.S. over the next five years, creating more than 12,000 jobs, it said on April 22.
SAMSUNG ELECTRONICS
The tech giant is considering moving manufacturing of dryers from Mexico to its plant in South Carolina, Korea Economic Daily reported in January.
STELLANTIS
The Chrysler parent is moving forward with plans to build a new midsize pickup truck in Belvidere, Illinois, it said in January.
TSMC
The Taiwanese chipmaker is expanding investment in the U.S., planning to build five chip facilities there in coming years, its CEO said in March.
VOLKSWAGEN
Volkswagen's Audi brand will expand production in North America with a focus on its most important cars for the U.S. market and will make a decision on where to base itself this year, Audi CEO said in February.
VW CFO said in January it planned to produce more in the U.S.
VOLVO CARS
Volvo Cars may move some production to the U.S. depending on tariffs, its CEO said on March 5.
(Compiled by Tomasz Kanik and Vera Dvorakova in Gdansk; Editing by Milla Nissi)
Companies like BMW, Honda, and Novartis are among those planning to expand their U.S. operations to mitigate tariff impacts.
Novartis plans to spend $23 billion to build and expand 10 facilities in the U.S.
Hyundai Motor plans to further localize production in the U.S. and will manufacture hybrid vehicles at its new factory in Georgia.
Compal Electronics may expand into the U.S. and has discussed potential investments with several southern states.
Volkswagen's Audi brand will expand production in North America, focusing on its most important cars for the U.S. market.
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