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Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs
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Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs
Nov 26, 2024 7:27 PM

TAIPEI, Nov 27 (Reuters) - Taiwan's Foxconn ( FXCOF )

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 ) supplier, told reporters after a forum in Taipei

that it saw the primary impact of any fresh tariffs falling on

its clients.

Foxconn ( FXCOF ) 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)

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