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Companies & Markets

Electrolux to put US$250m US investment on hold over tariffs

Published Fri, Mar 2, 2018 · 01:12 PM
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[STOCKHOLM] Sweden's Electrolux , Europe's largest home appliance maker, said on Friday it would put on hold a planned US$250 million investment in the United States after President Donald Trump announced he would impose tariffs on imported aluminium and steel.

"We are putting it on hold. We believe that tariffs could cause a pretty significant increase in the price of steel on the US market," Electrolux spokesman Daniel Frykholm said.

REUTERS

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