April 6, 2025 3:23 PM
Samsung seeks ways to cushion blow from US tariffs
Tech giant Samsung Electronics may need to overhaul its global production strategy as new U.S. reciprocal tariffs could significantly impact its smartphone business, industry sources said on Sunday. Last week, U.S. President Donald Trump announced plans to impose a minimum 10 percent "baseline" tariff on all imports to the United States, along with country-specific "reciprocal" tariffs, including a 25 percent duty on goods from South Korea. The reciprocal tariffs—covering most product catego...