Foxconn Confident Amid New Tariff Challenges

Foxconn, a leading contract manufacturer and key Apple supplier, expects minimal impact from new U.S. tariffs under President-elect Donald Trump due to its global manufacturing presence. Chairman Young Liu indicated that clients would bear the brunt of tariffs, and highlighted ongoing investments in Mexico aligned with the trend towards regional manufacturing.

Foxconn, a prominent player in the global manufacturing sector, has expressed confidence in weathering the storm of new tariffs expected under U.S. President-elect Donald Trump. The company's widespread manufacturing footprint is set to mitigate potential impacts, according to recent statements by Chairman Young Liu.

Discussing the issue at a forum in Taipei, Liu emphasized that it is likely the tariffs' primary burden will fall on Foxconn's clients. This strategy highlights the company's commitment to maintaining its competitive edge in an ever-evolving market.

Liu also revealed Foxconn's plans to continue its investments in Mexico. This move aligns with an industry shift towards regional manufacturing as companies seek to adapt to changing trade policies and market demands.

(With inputs from agencies.)