Foxconn could react to Trump’s trade pressure with Mexican investments

China 2865 Info Tech - Tech Hardware 727 Mexico 827 U.S. 5139 Vietnam 334

Foxconn and Pegatron may invest in new factories in Mexico, potentially to produce phones, in response to both the enactment of USMCA as well as ongoing pressure by the Trump administration on the Chinese electronics industry. U.S. imports of mobile phones have already diversified away from China in a process that has taken years rather than months to achieve. Chinese shipments represented 73.7% of U.S. phone imports in the 12 months to June 30, down from 81.1% in 2015 with imports from Vietnam compensating. Foxconn already produces computers, including servers, in Mexico and so has a ba...

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