GE Appliances Plans $3 Billion U.S. Investment to Help Blunt Tariffs

GE Appliances said it plans to invest $3 billion to expand and modernize its U.S. factories over the next five years, helping to blunt the effects of tariffs by reshoring some work now done in China and Mexico. The appliance maker, owned by China-based Haier Smart Home said the money will go into factories in South Carolina, Tennessee, Georgia and Alabama. The investment will allow the factories to make new models of water heaters, air conditioners, gas ranges and refrigerators, and will create 1,000 jobs, the company said.

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