Kate Leinbaugh
๐ค SpeakerAppearances Over Time
Podcast Appearances
That large contingent of engineers was with Samsung, the giant Korean manufacturer. Rick gave them a tour of the factories.
What was at stake for you?
What was at stake for you?
What was at stake for you?
Samsung was in Newberry looking for a new place to build washing machines. It was scouting several locations around the country. After months of looking, Samsung picked Newberry and announced a $380 million investment. And when you found out you won, what did that feel like?
Samsung was in Newberry looking for a new place to build washing machines. It was scouting several locations around the country. After months of looking, Samsung picked Newberry and announced a $380 million investment. And when you found out you won, what did that feel like?
Samsung was in Newberry looking for a new place to build washing machines. It was scouting several locations around the country. After months of looking, Samsung picked Newberry and announced a $380 million investment. And when you found out you won, what did that feel like?
So how has this deal been for your community?
So how has this deal been for your community?
So how has this deal been for your community?
Trump's washing machine tariffs expired in early 2023. The Samsung factory now employs more than 1,500 workers, and it brings in more than a million dollars of annual tax revenue to the city.
Trump's washing machine tariffs expired in early 2023. The Samsung factory now employs more than 1,500 workers, and it brings in more than a million dollars of annual tax revenue to the city.
Trump's washing machine tariffs expired in early 2023. The Samsung factory now employs more than 1,500 workers, and it brings in more than a million dollars of annual tax revenue to the city.
But on the national level, things were more complicated. That's next. โ Samsung's interest in a U.S. factory was influenced by Trump's election. He had vowed on the campaign trail to bring more manufacturing jobs back into the country. And he was talking a lot about trade.
But on the national level, things were more complicated. That's next. โ Samsung's interest in a U.S. factory was influenced by Trump's election. He had vowed on the campaign trail to bring more manufacturing jobs back into the country. And he was talking a lot about trade.
But on the national level, things were more complicated. That's next. โ Samsung's interest in a U.S. factory was influenced by Trump's election. He had vowed on the campaign trail to bring more manufacturing jobs back into the country. And he was talking a lot about trade.
In Trump's first term, he took specific aim at imports of these everyday household appliances.
In Trump's first term, he took specific aim at imports of these everyday household appliances.
In Trump's first term, he took specific aim at imports of these everyday household appliances.
Samsung has previously said that the U.S. is one of the fastest-growing markets for home appliances and called building an American facility a, quote, natural choice. A spokeswoman for Samsung declined to comment on how tariffs affect the company. But those washing machine tariffs from Trump's first term had some downsides. What did these tariffs do to overall U.S. washing machine prices?