Some non-US companies have said they are looking at expanding their presence or setting up shop in the US to mitigate the impact of President Donald Trump‘s tariffs, including businesses in the fashion and personal care sectors. Below are some of the plans flagged by those companies.
Louis Vuitton’s space in Saks Fifth Avenue, Beverly Hills – Louis Vuitton
ESSITY The Swedish hygiene product maker could move more of its production into the US from Mexico and Canada, its CEO said in January.
LVMH The luxury conglomerate is “seriously considering” bulking up its US production capacities, its CEO said in January.
ROCHE The Swiss pharmaceutical giant will invest $50 billion in the US over the next five years, it said in April. On May 12, it announced additional $550 million investment to expand its Indianapolis diagnostics manufacturing hub.
