Apple can make iPhone outside of China to avoid Trump tariffs
Apple can move iPhone manufacturing out of China if the Trump administration’s trade war with Beijing escalates, its biggest manufacturer has said.
Foxconn, the Taiwanese electronics giant used by Apple to assemble millions of its devices, said it now had enough capacity that every iPhone sold in the US could be produced outside of China.
Apple has so far escaped the brunt of Donald Trump’s tariffs on $200bn (£157bn) of Chinese goods but the US president has threatened to slap import duties on a further $300bn if trade talks fail to progress. Further tariffs could imperil the company’s enviable profit margins, or force it to raise prices.
Mr Trump has repeatedly said he wants Apple to make its iPhones in the US, which he believes would be a landmark victory for his trade policies.
“25pc of our production capacity is outside of China, and we have enough capacity to meet Apple’s demand in the US market,” Foxconn director, Liu Young-way, said at a company investor day……..read more
Source: The Telegraph