LG Electronics considers raising some product prices due to tariffs

LG Electronics CEO drops hints at price hikes in US

LG Electronics CEO Cho Joo-wan hinted at increasing the prices of the company's refrigerators, washers and other appliances, saying it would review price hikes if U.S. tariffs surpass “a tolerable lev...

LG Electronics considers raising some product prices due to tariffs

SEOUL :LG Electronics said on Thursday it is considering price increases for some products in response to U.S. tariffs and is also reviewing its options for shifting production of home appliances to the United States. "We are optimizing our production locations and also considering price hikes through discuss

Donald Trump just lost (again)

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[Digital Daily Reporter Ok Song-i] At the first quarter performance conference call on the 24th, LG Electronics HS Headquarters Managing Director Kim Lee-kwon said, "We have already completed consultations with local distribution channels in the US, as tariffs will be imposed in earnest starting in the second quarter," and explained, "The immediate impact of the tariffs will not be significant, but a significant impact is expected in the second …

channelnews : Has Donald Trump Just Nobbled LG Electronics New Business Ambitions

Donald Trumps Tariffs have put LG Electronics consumer business under pressure especially in the TV and appliance market, now it appears that Trump may have played a role in the demise of an LG business that the Company was punting on to deliver growth. LG Electronics who have bragged about seeing future revenues coming from...