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Last updated: July 25th, 2017 at 10:46 UTC+02:00
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Samsung hasn't just responded to the changes in Washington by spending more on lobbying. The company hedged its bets against growing protectionism in the country by announcing that it's setting up a new appliance plant in the state of South Carolina.
The $380 million plant will be used to manufacture washing machines and other appliances that will be sold to customers in the United States. The investment by Samsung is also going to create almost 1,000 new industrial jobs in the state.
It has spent $1.47 million on lobbying so far which is considerably more than what it did in the same period last year. Samsung spent $680,000 on lobbying in the first quarter of this year and ramped it up to $790,000 in the second quarter.
The company has given several reasons for increased spending on lobbying including the Korea-US free trade agreement, Trans-Pacific Partnership, NAFTA and trade restrictions.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
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