Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs

Foxconn Technology

27/11/2024 03:04

TAIPEI, Nov 27 (Reuters) - Taiwan’s Foxconn  2317.TW 
said on Wednesday it expects any impact of new tariffs from U.S.
President-elect Donald Trump to hit it less than its rivals,
citing its global manufacturing footprint. 
    Young Liu, chairman of the contract manufacturer and key
Apple  AAPL.O  supplier, told reporters after a forum in Taipei
that it saw the primary impact of any fresh tariffs falling on
its clients. 
    Foxconn will continue investing in Mexico, he added as it
believed the trend was moving towards regional manufacturing. 

 (Reporting by Wen-Yee Lee, Writing by Brenda Goh; Editing by
Muralikumar Anantharaman)
 ((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters
Messaging: brenda.goh.thomsonreuters.com@reuters.net))