Samsung says its TV business will be less affected by new U.S. tariffs, as most North American units are made in Mexico—shielded from recent trade levies. The company plans to adapt global output to navigate ongoing tariff shifts.
Samsung Electronics has announced that its television business is likely to be less impacted by newly imposed U.S. tariffs, thanks to its strategic production in Mexico. According to Yong Seok-woo, President of Samsung’s Visual Display Business, the majority of Samsung TVs sold in North America are manufactured in Mexico, which has largely avoided the latest 10% global baseline tariff and additional reciprocal duties introduced by the U.S. administration.
While competitors such as TCL and Hisense face steep levies due to Chinese-based manufacturing, now totalling up to 54%, Samsung’s diversified production network of around 10 global facilities provides a significant buffer against shifting trade policies. The South Korean tech giant plans to adjust output distribution based on future tariff developments.
Despite this relative insulation in its TV division, Samsung remains cautious about the broader impact of tariffs on other core segments such as memory chips and smartphones, which could see demand contraction. On Monday, Samsung shares fell by 4.3% amidst market jitters driven by tariff concerns.
With growing pressure from Chinese rivals and a volatile trade landscape, Samsung's global production agility could be key in maintaining its leadership in the electronics market.
On May 3, President of Azerbaijan Ilham Aliyev and First Lady Mehriban Aliyeva met with Patriarch Kirill of Moscow and All Russia, who is visiting Baku.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
The International Carpet Festival kicked off near the iconic Gosha Gala Gates in Icherisheher (Old City), aiming to promote the global legacy and future of Azerbaijani carpet weaving.
Anthony Albanese has secured a second consecutive three-year term as Australia’s prime minister, becoming the first leader to do so in 21 years, in a victory hailed as historic for the center-left Labor Party.
A 38-year-old woman died early Saturday in Thessaloniki when a bomb she was carrying detonated before she could place it outside a bank, according to Greek police.
On May 3, President of Azerbaijan Ilham Aliyev and First Lady Mehriban Aliyeva met with Patriarch Kirill of Moscow and All Russia, who is visiting Baku.
The Sudanese army confirmed on Sunday that the paramilitary Rapid Support Forces (RSF) conducted a drone attack targeting a military airbase and several other facilities near Port Sudan Airport.
A Russian drone attack on Kyiv has left 11 injured and homes damaged, as Ukraine rejects Moscow’s proposed ceasefire as political theater.
North Korea’s Kim Jong Un has praised advances in tank production as part of his drive to overhaul the country’s conventional and strategic forces.
Five men have been arrested in the UK, including four Iranian nationals, over an alleged terrorist plot.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
A vehicle crashed into a crowd at a Filipino festival in Vancouver, killing 11 and injuring dozens.
New Tesla registrations in Denmark collapsed 67 % in April to 180 vehicles, industry data showed Thursday, underscoring a sharp demand drop for the EV maker in one of its once-strong European markets.
Roman Catholic cardinals will meet in a secret conclave to elect the new leader of the global Church starting from May 7, a senior Vatican source said on Monday.
As President Donald Trump reaches the end of his first 100 days in his second term, his presidency has been marked by significant executive actions, controversial immigration policies, economic volatility, and a major reorganization of the federal government.
After nearly six decades at the helm, Warren Buffett says he will step down as CEO of Berkshire Hathaway, naming Greg Abel as his successor.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Azerbaijan’s Minister of Energy Parviz Shahbazov held a bilateral meeting with Gareth Thomas, the UK’s Parliamentary Under Secretary of State (Minister for Services, Small Businesses and Exports) at the Department for Business and Trade to discuss key issues on the bilateral cooperation.
Mercedes-Benz(MBGn.DE), opens new tab plans to begin producing a new vehicle at its Tuscaloosa, Alabama, plant in 2027, the company said Thursday, the latest in a series of investments carmakers have announced following U.S. President Donald Trump's aggressive auto tariffs.
Azerbaijan Railways (ADY) will buy seven new locomotives and spare parts from Chinese company "CRRC Ziyang Co., Ltd”. under a $26 million agreement.
On May 3, President of Azerbaijan Ilham Aliyev and First Lady Mehriban Aliyeva met with Patriarch Kirill of Moscow and All Russia, who is visiting Baku.
The Sudanese army confirmed on Sunday that the paramilitary Rapid Support Forces (RSF) conducted a drone attack targeting a military airbase and several other facilities near Port Sudan Airport.
A Russian drone attack on Kyiv has left 11 injured and homes damaged, as Ukraine rejects Moscow’s proposed ceasefire as political theater.
North Korea’s Kim Jong Un has praised advances in tank production as part of his drive to overhaul the country’s conventional and strategic forces.
Five men have been arrested in the UK, including four Iranian nationals, over an alleged terrorist plot.
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