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

TAIPEI: Taiwan’s Foxconn said on Wednesday it expects any impact of new tariffs from US 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 supplier, told reporters after a forum in Taipei that it saw the primary impact of any fresh tariffs falling on its clients.

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Foxconn will continue investing in Mexico, he added as it believed the trend was moving towards regional manufacturing.