ABB to increase local US production to reduce tariff impact By Reuters

ABB's Expansion Plans: Swiss engineering group ABB is increasing its local production in the U.S. and other countries to counteract the effects of tariffs imposed by the Trump administration, with a commitment of $120 million for expanding low voltage electrical equipment production in Tennessee and Mississippi.

Local Production Goals: ABB aims to achieve over 90% local production in key markets like India, China, and the U.S., emphasizing the importance of flexible local manufacturing to ensure supply chain resilience amid global disruptions, while currently producing 75-80% of its U.S. sales domestically.