‘The situation is so fluid, I feel I have to check my phone right now’ – Samsung Exec about the impact of US customs rates on the mobile business

This week, Samsung bravely reveals some of its most notable folding phones ever. They are thinner, lighter, smarter and yes, more expensive. In the United States at least, this trend can continue in a more dramatic way if President Trump moves forward with his 25% duty on goods produced in South Korea.

Perhaps you did not realize that despite its ubiquitous in the United States, Samsung is based and driven out of South Korea. Like many global tech companies, it manufactures products on its home base as well as in Vietnam, India and Taiwan. In the United States, President Donald Trump is trying to withdraw the production to US coasts and do it most through coercion of customs, which are basically taxes used for all goods sent into the United States. It is a cost that some concerns will eventually be transferred to the consumer.

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