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Haier Smart Home Stock Dips on GE Appliances Manufacturing Shift to U.S.
Haier Smart Home Stock Dips on GE Appliances Manufacturing Shift to U.S.
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BTCCSquare news:
Haier Smart Home (HK:6690) shares declined 3.02% following its subsidiary GE Appliances' announcement to relocate washing machine production from China to Kentucky. The $490 million investment aims to create 800 jobs and aligns with both corporate strategy and U.S. tariff avoidance measures.
The MOVE reflects broader trade policy impacts, with GE Appliances sourcing domestic steel to circumvent import tariffs. Haier's stock performance continues its downward trend, now down 18.18% YTD and 13.79% over twelve months.
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