Reported 2 days ago
Swiss engineering firm ABB is increasing its local production in the U.S. and other countries to counter the impact of tariffs imposed by former President Trump. The company plans to invest $120 million this year in U.S. facilities and aims for high local production rates across various regions, including over 90% in India and China. ABB expects limited tariff impact on its business and sees flexible local production as essential for maintaining supply chains during trade disruptions.
Source: YAHOO