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President Trump thanked Samsung in a tweet Thursday for reportedly considering building some of its products in the US.
The report came from Reuters, which said Samsung is considering building some of its appliances in the US for fear of Trump’s “protectionist policies.” The Trump administration has already floated the idea of tariffs on imported goods to promote more manufacturing in the US.
For example, the administration proposed a 20% tax on imports from Mexico as a way to pay for the border wall. That proposal was quickly walked back though.
Most of Samsung’s products, including its profitable consumer electronics and chips, are manufactured overseas.