Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs
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Foxconn, a major electronics manufacturer, announced that its global manufacturing footprint will help mitigate the impact of potential tariffs imposed by U.S. President-elect Donald Trump. The company expects to be less affected by these tariffs compared to its competitors.
November 27, 2024 | 3:30 am
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Foxconn expects to be less impacted by potential tariffs from U.S. President-elect Trump due to its global manufacturing operations.
Foxconn's global manufacturing operations allow it to distribute production across various locations, reducing dependency on any single market. This strategic advantage is expected to lessen the impact of U.S. tariffs compared to competitors who may not have such a diversified manufacturing base.
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