Foreign companies eye US expansion to lessen fallout from tariffs

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 BARN

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 (BWMG.DE)

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 CPR

The Italian spirits group is assessing opportunities to expand U.S. production, its CEO said on March 5.

COMPAL ELECTRONICS 2324

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 ESSITY_A

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 7267

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 005380

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 2356

The Taiwanese company, which makes AI servers that use Nvidia NVDA chips, has agreed to invest up to $85 million to build manufacturing facilities in Texas, it said in late April.

IQE

The British semiconductor company is looking at moving some production to the U.S. as it guards against potential duties on the chips sector, its new CEO told Reuters on May 13.

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 066570

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 002475

The Apple AAPL 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 MC

The luxury conglomerate is "seriously considering" bulking up its U.S. production capacities, its CEO said in January.

NISSAN MOTOR 7201

The Japanese automaker weighs moving production of its Sentra automobile from Mexico to the U.S., Automotive News reported on May 14.

The Nikkei relayed earlier in April that Nissan was also considering shifting some domestic production of U.S.-bound vehicles there.

NOVARTIS NOVN

The Swiss drugmaker plans to spend $23 billion to build and expand 10 facilities in the U.S., it said on April 10.

ROCHE RO

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.

On May 12, it announced additional $550 million investment to expand its Indianapolis diagnostics manufacturing hub.

SAMSUNG ELECTRONICS 005930

The tech giant is considering moving manufacturing of dryers from Mexico to its plant in South Carolina, Korea Economic Daily reported in January.

STELLANTIS STLAM

The Chrysler parent is moving forward with plans to build a new midsize pickup truck in Belvidere, Illinois, it said in January.

TSMC 2330

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 VOW

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 VOLCAR_B

Volvo Cars may move some production to the U.S. depending on tariffs, its CEO said on March 5.