Samsung Elec says TV business to be less affected by US tariffs than rivals

FILE PHOTO: A view of a Samsung Electronics Vietnam factory in Bac Ninh province, Vietnam, April 3, 2025. Vietnam, with a tariff rate of 46 per cent imposed by U.S. President Donald Trump, is one of six countries in the nine Southeast Asian region slapped with much bigger-than-expected by the U.S. REUTERS/Stringer/File Photo

SEOUL (Reuters) - Samsung Electronics' television business is expected to be less affected by U.S. tariffs than rivals because its TVs are mainly produced in Mexico, an executive said on Monday.

Still, Samsung, the world's top TV maker, will continue to watch the changing U.S. tariff policy, and depending on tariffs, it plans to allocate production accordingly across about 10 production bases around the world, said Yong Seok-woo, president of the visual display business at Samsung.

(Reporting by Joyce Lee and Hyunjoo Jin; Editing by Muralikumar Anantharaman, Ed Davies)